Comments on: It's Official: U.S. In Yearlong Recession

Economy Fell Into Recession In December 2007, National Bureau Of Economic Research Says

[pepperwood2]

IT''s Official - Gay Activists Target Mormons for Gay-Marriage Ban''''s Success in California.

Show hostility & hate towards all religious groups & people that opposed Gay Marriage & the Aids epidemic it has helped to create.

[noloyalisti]

Was not Butch telling us a couple months ago that there was no recession. And bozo McSame saying that the economy was fundamentally strong. We need to seize the assets of these people and their clueless corporate fascist ilk. And keep them the heck away from our government. Forever.

[inketolstoy]

Who will the blathering idjits be told is responsible when Bush is gone? Who will be the boogyman to keep the mouthpieces of ignorance voting the party line? Tune in next May!

[cheetah-man7]

I want a high-paying job at the NBER too. I guessed we were heading downhill even before December 2007. Does that give me a great job with a corner office too?

[kuei12]

H3ll. We knew we were in a recession a year ago. How did we know? Because it looked just like the first recession bush got us into...except worse.
The difference now is the FDIC and FED reserve are dilliberately destroying banks so they can control the world power with "team players" like JPM CHASE. Did you hear how the robbed wamu and lehman at point blank range? No investor in his right mind would invest in financial stocks after seeing what the feds did there.

[jackp32]

It''s official. The US financial system is about to collapse sending our country into a depression.

[despido]

This well politicized recession is the result of consumer fears, which were caused by the banking crisis, which was caused by Clinton''s ''solution'' for increasing home ownership.
Bush failed to act against the program, but if he had he would have been labled a racist anyway since the program was intended for inner cities and couldn''t be stopped till it blew up.
Now we have Obama hiring the very people who engineered this fiasco, promising trillions in bailouts and cash, while pointing a very crooked finger at Bush.
Keep in mind that Obama has promised government intervention in the banking, energy, healthcare, and education sectors while promising to expand the Afghan war. Simply sounds like more of the same - same politicians, same lies, same disasters.

[erasmus606]

Ok, I thought about it,,,and I''''d say yes...

Posted by slim1h2o at 03:35 PM : Dec 01, 2008

You''re lying.:)

Yes, new name. I can''t for the life of me understand what I did this time. Ok, maybe it was from having "conversations".:)

[torva-2009]

I wonder what NBER''s first clue was?

[worstever2]

WASHINGTON - Associated Press: The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents.

"Expect fallout, expect foreclosures, expect horror stories," California mortgage lender Paris Welch wrote to U.S. regulators in January 2006, about one year before the housing implosion cost her a job.

Bowing to aggressive lobbying %u2014 along with assurances from banks that the troubled mortgages were OK %u2014 regulators delayed action for nearly one year.

SOMEBODY NEEDS TO GO TO JAIL FOR THIS MESS, starting with Bush.

GREED GREED GREED-an American tradition.

Just another MISSION ACCOMPLISHED.

You morons that voted for Bush, TWICE, are to blame for all this mess.