Posted on 11/02/2007 7:17:13 AM PDT by governsleastgovernsbest
Talk about talking down the economy! No fewer than three times today, Matt Lauer invited Barack Obama to declare that the U.S. economy is headed into recession. At the end of a "Today" interview that focused largely on Hillary-related issues and Iran, Lauer turned to the economy and pressed Obama to predict the worst.
View video here.
(Excerpt) Read more at newsbusters.org ...
And a recovery too, then a recession then a recovery....
Exactly
I always wondered what those words were.
No wonder the American people, if you believe polls, are upset, unhappy, and fearful for the future despite all the things we have to be positive about. It all essentially comes down to the media and that fact the president’s name is Bush. If things were exactly the same now but we had a president named Clinton, Gore, or Kerry, the opinion manipulators would see to it that everything was hunky dory.
He’s the voice on “...boom, shaka-laka-laka. Boom, shaka-laka.”
Is that what he was singing? I heard he forgot the lyrics and sang "Boom lotta chocolatta boom lotta chocolatta boom boom"
Recession:
Two consecutive quarters of decline in real GDP is commonly taken to be a recession. The National Bureau of Economic Research, a private organization, effectively decides when recessions occur, however, and the actual dating process is determined by judgment rather than a formal rule.
Current US figures the week of 11/02/2007
GDP 2nd (07) = +3.8%
GDP 3rd (07) = +3.9%
Interest rates -.25% = 4.5%
+166,000 jobs added
Matt Lauer went to Ohio University but not in the school of business and obviously never studied/audited/sat on economics 101.
Rush needs to return to referring to him as Matt Wower (pronoucing his name like Brokaw would.)
Hey, I don’t where things are going with a weakening dollar and +$90 oil. With the lending problems and real estate decline I expect that next year will not be a good one for the economy and the democrats will use that to their advantage for the mostly stupid middle of the road voters.
Nah, that was Nagin singing about Nawlins! [runs]
;-)
Somebody needs to tell Lauer when you suggest to small business types a major tax increase is coming, courtesy of the Democrat control legislature, there are ramifications.
LOL!
No one is or would ever say that.
Let me take that back. There were those in the Clinton admin who predicted that his policies had changed the world and that the economy had become recession proof.
Of course the economy is heading for a recession. Problem is for the doom and gloomers, it may not be for another 30 years, but by damnit, we are heading for it!
Yeah, like when Republican presidents are in the WH the media used to bring out the “Misery Index” and write how everyone is just miserable.
They should be dragging that corpse out any day now.
http://www.freerepublic.com/focus/f-news/1919757/posts
Look at the map a little ways down in the comments.
One of the Supermarket tabloids had a front page story that Lauer’s wife had lost 40 lbs agonizing over the sorry state of their marriage and that divorce was inevitable. It was accompanied by the obligatory photoshopped skin and bones pic.
Re: misery index, I guess the GOP should be talking about it since the numbers would be so low! No wonder the media haven’t used that term, with unemployment and inflation low. Yet so many people think we are moments from a depression.
Ha! Good points.
“and when someone asks you the time, you can say...”you mean right now?” — Yogi Berra
the poster misunderstood my sarcasm. Of course we’re headed for a recesion, but we just don’t know when...as you understood.
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