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Island Dog
Island Dog
Join Date 06/2003
+1051 sdemployee

There is NO Recession

Except for the one the media creates

April 30, 2008 9:00:04 AM from JoeUser ForumsJoeUser Forums

A recession is defined as negative economic growth in two or more economic quarters.  Well today the latest numbers came out and the first quarter of the year showed a 0.6 economic growth.  Not a tremendous number there, but certainly not in the negatives, and shows once again this so-called recession has been fueled more by the media and democrats, than reality.

Of course today, watch the MSM headlines.  They have already started their negative spin on it.

 

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Island Dog
Locamama
Join Date 12/2003
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Reply #1 April 30, 2008 10:57:19 AM
from JoeUser ForumsJoeUser Forums

I'm no economist but I think any growth even if it's small is a good thing.  The fed is still considering dropping interest rates though.  I'm going to do my part for the economy by blowing my entire stimulus check.  I considered just mailing it back to make a statement - bwaha ha ha.  ROFLMA

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Island Dog
Dr Guy
Join Date 09/2004
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Reply #2 April 30, 2008 11:00:46 AM
from JoeUser ForumsJoeUser Forums

There has been a growing belief among many economists that the economy is in a recession, having fallen into it either late last year or during the course of the first quarter.

Well, it was not the headline.

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Island Dog
Gene Nash
Join Date 12/2003
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Reply #3 May 1, 2008 8:41:47 AM
from JoeUser ForumsJoeUser Forums
This quote from Business Week says what I was thinking, and probably better than I would have:


Surprisingly, the U.S. economy may well be in a recession even though GDP growth was reported in positive territory. For one thing, the Apr. 30 report is merely an "advance" estimate that will be updated twice more in coming months, and possibly revised again in future years as new information becomes available. It could turn out that output actually declined in the first quarter. For another thing, GDP growth is only one of the factors considered by the National Bureau of Economic Research—the official arbiter of the U.S. business cycle—in concluding when recessions begin and end.

Employment is another key indicator as to whether the economy is in recession, and it fell in January, February, and March.


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Island Dog
Dr Guy
Join Date 09/2004
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Reply #4 May 1, 2008 9:15:04 AM
from JoeUser ForumsJoeUser Forums
Surprisingly


Not coming from the MSM. The only thing that would be surprising would be an accurate reporting of the news. THAT would be surprising.
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Island Dog
Island Dog
Join Date 06/2003
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Reply #5 May 1, 2008 11:08:30 AM
from JoeUser ForumsJoeUser Forums

The media will never report anything positive about the economy, unless a democrat is in charge.

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Island Dog
midn8t
Join Date 03/2006
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Reply #6 May 1, 2008 11:31:59 AM
from PoliticalMachine ForumsPoliticalMachine Forums
A recession is defined as negative economic growth in two or more economic quarters.  Well today the latest numbers came out and the first quarter of the year showed a 0.6 economic growth.  Not a tremendous number there, but certainly not in the negatives, and shows once again this so-called recession has been fueled more by the media and democrats, than reality.
Of course today, watch the MSM headlines.  They have already started their negative spin on it.
 


well problem is that they are counting world growth not US growth.

see even tho growth is down in USA and sales are down and jobs are lose and so forth.

comapny today are more worldly depented then local community depedent.

there is ression if you think of all local and smallb uinessnes and 1k of jobs being lost on local level.

but on global level buinessnes are doing well.
becuase of the out srouces and moving over seas.
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Island Dog
midn8t
Join Date 03/2006
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Reply #7 May 1, 2008 11:34:04 AM
from PoliticalMachine ForumsPoliticalMachine Forums
SurprisinglyNot coming from the MSM. The only thing that would be surprising would be an accurate reporting of the news. THAT would be surprising.


well the BBC has done good job reporting but its world news out let not a local one
and it has repoted that there are major issues in USA, along with aboard, then agin so has CNN.

be honest with gase prices going up and so forth my stiminless check is ethere going to go into, gase for my car.

or its going to go into some stocks or cd.
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