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No Recession, Technically, But Jobs Flat, Wages Down
Investor's Business Daily ^ | 9/15/2011 | Scott Stoddard

Posted on 09/15/2011 11:39:43 AM PDT by Slyscribe

It's not a recession, it just feels like one. Industrial activity keeps rising, but other reports out Thursday showed real wage declines are accelerating and that job woes continue.

Industrial output rose 0.2% in August as manufacturing activity expanded amid broad, auto-led gains, the Federal Reserve said. Wall Street expected no change.

"It's still consistent with the idea that we're in a period of subpar economic growth," said Scott Brown, chief economist at Raymond James.

(Excerpt) Read more at investors.com ...


TOPICS:
KEYWORDS: economy; jobs; recession; wages

1 posted on 09/15/2011 11:39:48 AM PDT by Slyscribe
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To: Slyscribe
SEE!!! I TOLD YOU!!!! Obama ended the horrible recession we were in!!!

Now let's quit talking about the economy, he's got that under control... The REAL issue is Republicans want to kill old people!

2 posted on 09/15/2011 11:42:07 AM PDT by South Hawthorne (In Memory of my dear Friend Henry Lee II)
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To: Slyscribe
--No Recession, Technically--

It's not dead. It's mostly dead.

3 posted on 09/15/2011 11:44:13 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: Slyscribe

The real question is how long will this economy continue to be able to squeeze blood from a turnip.


4 posted on 09/15/2011 11:45:19 AM PDT by skeeter
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To: Owl_Eagle

“Unexpectedly!”

But don’t forget - they want to starve them first!


5 posted on 09/15/2011 11:46:41 AM PDT by relictele (Pax Quaeritur Bello)
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To: cuban leaf
Nothing left for Obama to do but go through our pockets and look for loose change!

:)

and just to keep on theme... :)


6 posted on 09/15/2011 11:47:12 AM PDT by SparkyBass
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To: Slyscribe
It's not a flood if the water level is below your lips.

7 posted on 09/15/2011 11:47:59 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: SparkyBass

Love it!


8 posted on 09/15/2011 11:48:48 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: skeeter

—The real question is how long will this economy continue to be able to squeeze blood from a turnip.—

And what happens after the last drop falls? And how long after?


9 posted on 09/15/2011 11:49:50 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: cuban leaf
Obama will have the real civil war he is so desperately seeking.

this economy on this trajectory will eventually reduce the middle class, the historic anchor of the American system.

10 posted on 09/15/2011 11:56:00 AM PDT by skeeter
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To: Slyscribe

Industrial production will likely be revised down in the next month and it will be discovered that we are in a depression.


11 posted on 09/15/2011 11:56:06 AM PDT by arrogantsob (Why do They hate her so much?)
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To: Slyscribe

Of course this is not a recession.

What we have now is a full-blown depression, at the moment, maybe not quite as big as the Great Depression of 1931-1942, but just as adamantly entrenched. As long as this regime now in the White House keeps trying to “fix” the economy, with the exact opposite “remedy” to which will work, the economy will remain depressed.

If FDR and his Brain Trust had not been trying to “fix” things, we would have been out of the sharp recession of 1931-1933 by 1935. But then, where would have the New Deal have been? Abandoned like the social experiment it was, not ingrained into our legal system.


12 posted on 09/15/2011 11:56:06 AM PDT by alloysteel (Are Democrats truly "better angels"? They are lousy stewards for America.)
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To: Slyscribe
Call it want you want, whirly-burly, hatch-a-matooh, tell us what NOT to call it as in it's not a bleeping recession (sarc / off) all I know is, I need a job, I need money, everyone I know needs a job, needs money, so frankly nobody gives a damn about how you spell it,what to call it.
13 posted on 09/15/2011 12:05:01 PM PDT by lbryce (BHO:Satan's Evil Twin)
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To: Slyscribe

Okay, it’s ‘technically’ not a recession.
Then all those people are ‘technically’ not unemployed..............


14 posted on 09/15/2011 12:13:04 PM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: Slyscribe

Wouldn’t that be a DEPRESSION, Investor’s Business Daily, when you count the 12% of the GDP which is artificially there due to deficit spending? If I went out and bought myself a $7,000 TV using a credit card, I can’t rightly claim my income increased by $7,000, I’m still making the same amount of money, I just now get to give more of it to someone else.

We left the reservation of recession a while ago...


15 posted on 09/15/2011 12:32:05 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: Slyscribe

LIARS... come tell me to my face these lies you leftists... PLEASE! WE ARE IN A DEPRESSION AND ONE CANNOT LIE THEIR WAY OUT OF A HOLE.

LLS


16 posted on 09/15/2011 12:40:40 PM PDT by LibLieSlayer (Is the person that you support a Crony Capitalist... A.K.A. CRAPITALIST?)
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To: kingu

If the MSM were honest, this would be a depression.
But they have to protect their prince.


17 posted on 09/15/2011 12:42:32 PM PDT by Texas resident (Hunkered Down)
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To: Slyscribe

I’m going to coin a new term. In the Carter years we had “stag-flation” which means a stagnate enconomy along with inflation.

The new term for Obama’s economic policies is “stag-session” which means a stagnate economy along with a persistant ressession.

So help me tie the millstone of stagsession around Obama and the Democrat’s necks.


18 posted on 09/15/2011 1:00:50 PM PDT by taxcontrol
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To: Slyscribe

It’s not a recession because they include government spending in the calculation of GDP. And we all know what’s happened to government spending since King Barry assumed the throne.


19 posted on 09/15/2011 1:05:28 PM PDT by Fresh Wind ('People have got to know whether or not their President is a crook.' Richard M. Nixon)
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To: Slyscribe

Technicalities... whoever came up with such a thing(I bet it was a lawyer) should dragged out to the street then tarred and feathered.


20 posted on 09/15/2011 1:15:01 PM PDT by Ancient Drive (DRINK COFFEE! - Do Stupid Things Faster with More Energy!)
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To: Slyscribe
"Recession is when a neighbor loses his job. Depression is when you lose yours." - Ronald Wilson Reagan

DNC Chairman Debbie Wasserman Schultz:We own the economy’ - June 15, 2011
You own The 0bama Depression!
We're going to hang you, your commie boss, and all the dims with this Ms. Wasserman Schultz!

FUBO GTFO! 492 Days until Noon Jan 20, 2013

21 posted on 09/15/2011 1:30:29 PM PDT by The Sons of Liberty (Psalm 109:8 Let his days be few and let another take his office. - Mene, Mene, Tekel, Upharsin)
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