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It's official: U.S. in a recession since December 2007
CNNMoney.com ^ | December 1, 2008

Posted on 12/01/2008 9:41:46 AM PST by Toddsterpatriot

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The doomers can celebrate.
1 posted on 12/01/2008 9:41:46 AM PST by Toddsterpatriot
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To: 1rudeboy; Mase; expat_panama; Rusty0604; Jim 0216; xjcsa; VegasCowboy; groanup
Willie Green was right (just 7 years late)!

Ping!

2 posted on 12/01/2008 9:42:57 AM PST by Toddsterpatriot (Somehow people must be free I hope the day comes soon won't you please come to Chicago)
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To: Toddsterpatriot

Leave it to CNN to sound so giddy about it.


3 posted on 12/01/2008 9:44:47 AM PST by Slapshot68
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To: Toddsterpatriot
The NBER is a private group of leading economists... So, it's not really "official" is it?
4 posted on 12/01/2008 9:45:21 AM PST by MeanGreen2008
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To: Toddsterpatriot

Stating the obvious is news?


5 posted on 12/01/2008 9:45:28 AM PST by Texas_shutterbug
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To: Toddsterpatriot
Actually, we've been in a recession since 1961. The reason no one can tell is because we've been alternating between recession and depression.
/doomer
6 posted on 12/01/2008 9:45:34 AM PST by 1rudeboy
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To: Toddsterpatriot

We had better print some money and nationalize a few more corporations instead of letting the markets work. Oh, and outsource a few thousand more jobs. Because that strategy is making our economy really kick a**.


7 posted on 12/01/2008 9:46:50 AM PST by mysterio
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To: Texas_shutterbug

It’s been obvious to Willie since 2001. We never recovered from the last one.


8 posted on 12/01/2008 9:46:55 AM PST by Toddsterpatriot (Somehow people must be free I hope the day comes soon won't you please come to Chicago)
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To: mysterio

Or we could elect a Communist as President. I’m sure that’ll fix the economy.


9 posted on 12/01/2008 9:47:59 AM PST by Toddsterpatriot (Somehow people must be free I hope the day comes soon won't you please come to Chicago)
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To: Toddsterpatriot

Heck, we gotta be able to blame everything that Obama screws up on GWB, so let’s redefine words......


10 posted on 12/01/2008 9:48:03 AM PST by CSM (IÂ’m jubilant! Now that the Dems are completely in charge, we can FINALLY blame THEM for everything!)
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To: Toddsterpatriot

already one year of recession

How long do recessions last usually?

It will probably end when Obama becomes president in January or soon after that so people can say that he ended the recession. That’s gonna be a good point for him for the 2012 election (sarcasm).


11 posted on 12/01/2008 9:48:29 AM PST by syl799
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To: Toddsterpatriot

I truly doubt it.


12 posted on 12/01/2008 9:48:45 AM PST by mysterio
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To: Toddsterpatriot

We are not in a recession.

We will not be in a recession until Obama takes office.

We have had one quarter of negative GDP. We won’t now the next quarter until Obama.

Ha ha.


13 posted on 12/01/2008 9:48:45 AM PST by lonestar67 (Its time to withdraw from the War on Bush-- your side is hopelessly lost in a quagmire.)
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To: Toddsterpatriot
We've only been in a recession of HOPE.

/s

14 posted on 12/01/2008 9:49:25 AM PST by SIDENET (Hubba Hubba...)
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To: Toddsterpatriot

This is pure crap. A recession has always been defined as a negative GDP for two or more consecutive quarters.


15 posted on 12/01/2008 9:50:25 AM PST by hugorand
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To: Toddsterpatriot

We had growth in the second quarter of 2008. Therefore no recession.


16 posted on 12/01/2008 9:51:11 AM PST by Perdogg (01-20-2013 Obama's last day - If we make it)
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To: lonestar67

Hence, this article. Gotta make it W’s recession (although in fairness it largely is—thanks mostly to the ‘rat congresscritters though)...


17 posted on 12/01/2008 9:52:26 AM PST by eureka!
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To: hugorand

You know it,I know it-the media/libs lie again.


18 posted on 12/01/2008 9:53:02 AM PST by Farmer Dean (168 grains of instant conflict resolution)
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To: syl799

“It will probably end when Obama becomes president in January or soon after that so people can say that he ended the recession.”

Why not!? It worked for Clinton. That’s precisely what he did. He campaigned railing against the worst economy in 50 years, and soon after Inauguration Day he turned around and said (paraphrase) “Well, it isn’t as bad as I thought it was.”


19 posted on 12/01/2008 9:53:23 AM PST by rockinqsranch (Dems, Libs, Socialists, Call 'em what you will, they ALL have Fairies livin' in their Trees.)
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To: Toddsterpatriot

I knew that, actually think it started November 2007.


20 posted on 12/01/2008 9:53:44 AM PST by madison10
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