PatriotsReign

And of course, they're right!

Finally, American intellect has improved to the point when we know that we're being lied to. I'm proud of this 74%!!!

Recession not over, public says

"Washington (CNN) -- Economic experts may believe the recession is over, but try telling that to the public.

Seventy-four percent of Americans believe the economy is still in a recession, according to a new CNN/Opinion Research Corporation poll. Only 25 percent think the downturn is over."

Recession not over, public says - CNN.com

apple strudel

Something about John Kerry and uninformed voters. It's been over for more than a year, there just hasn't been huge growth.

PatriotsReign

It isn't over...not by a LONG shot Strudel.

They announced it was over thinking Americans would be stupid enough to react and start spending.

My suggestion is, even if you "have it, don't spend it". Save it, cuz you're gonna need it someday.

DON'T SPEND

apple strudel

Oh God. The facts entirely disagree with you. By definition, the recession is over and there's no question about it unless you've got a white whale you're trying to kill.

And not because the economy stopped shrinking? Really?

Ahh, there's that white whale. And what about the paradox of thrift?

Real World

You're going to get different opinions on what over means. There's the technical aspect where people will point to consecutive quarter growth, even though anemic, and say it's over. Then you'll get the people in this poll, who aren't using any technical data, and are instead applying their real life experiences to say it's still ongoing. Who's right, who's wrong? By definition, the data people are correct. In reality, the people are. All this poll says to me, is that people are still feeling the pinch. That's not surprising at all.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

apple strudel

No, they're not.

Yes, they are.

patsfan13

If you don't have a job you are in a depression. The economic policies of the administration have crushed job creation.


Still no budget from congress and business has no idea of what taxes will be as votes on taxes have ben put of till after the election.

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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

PatriotsReign

The ONLY reason the data falsely show some improvement is due to ARTIFICIALLY inflating our economy with stimulus money which our tax dollars paid for.

What got this economy to the point where it crashed was due to ARTIFICIALLY inflating it via lax lending standards supported by our gov't.

If ARTIFICIALLY inflating our economy got us into this mess, then ARTIFICIALLY inflating again won't/can't fix the problem.

Therefore, the problem STILL remains and we are in recession regardless of bogus numbers reflected in the data.

It like getting a loan to show your books appear balanced. It's all an illusion. Our economy is not stable enough to say we're in recovery.

Question: If we stay where we are today for the next 5 years, will we be in recovery?

apple strudel

Doesn't make one whit of difference. The losses have stopped. It's not like government hasn't stepped in to help stop recessions before.

No, we are not. That's just a simple fact unless the numbers take a dive again. What is it with people and simple facts?

We're not talking about recovery, we're talking about recession.

A very, very slow one. One that wouldn't do us much good thanks to the depth of the recession. But things haven't flattened out, at least.

PatriotsReign

FYI...if we're not in recession, then we must be in RECOVERY. That's the way economics works Strud. We're either in boom or bust...recession or recovery.

So YES, we are in fact discussing recovery.