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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.
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)
To: Toddsterpatriot
Leave it to CNN to sound so giddy about it.
To: Toddsterpatriot
The NBER is a private group of leading economists... So, it's not really "official" is it?
To: Toddsterpatriot
Stating the obvious is news?
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
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
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)
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)
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!)
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
To: Toddsterpatriot
12
posted on
12/01/2008 9:48:45 AM PST
by
mysterio
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.)
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...)
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
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)
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!
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)
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.)
To: Toddsterpatriot
I knew that, actually think it started November 2007.
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