Comments on: It's Official: U.S. In Yearlong Recession
Economy Fell Into Recession In December 2007, National Bureau Of Economic Research Says
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- It would be nice if people would stick to the definition of a recession. Two consecutive quarters of negative growth. Frankly we have not been in a recession since Dec 2007. Economic slowdown yes, recession no. Doesn''t meet the definition. The most annoying thing is these people are suppose to know these things. I can''t help but wonder what the political motivation is. Is this part of the concerted effort I believe is under way to make the Economy appear worse than it is, so that Obama can claim credit for the quick turn around? I just wonder.
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- lady_organs
Oh more excuses from you bleeding liberals about how your man Obama isnt to be blamed because he hasnt taken office yet. You liberals are pathetic!
Are you serious? I guess it hurts to have to admit the loser you voted for twice has put us in this mess,since after all, HE WAS IN OFFICE. - Reply to this comment
- Hey W -there''s another great accomplishment for your resume. Left the economy is shambles too.
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- Bernanke is speaking, let''s see how much more his speach drives the Dow down.
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- What? The Administration permitted its people to go "off message" and admit that the nation''s economy sucks?
What, are the 2008 elections over or something? - Reply to this comment
- Like we needed CBS to tell us this.
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- The real question is what will take longer, the recession or the amount of time to get the stench out of the Oval office. I hope Obama is packing 100 barrels industrial stregnth Lysol.
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Posted by Glidescube
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I am sure Bush had the place disinfected after Clinton left... So Obama should be good. - Reply to this comment
- They use more factors than just GDP/GNP growth to determine if we are in one or not.
They are also the same body that determines if we are in a Depression or not. - Reply to this comment
- Who is this panel that just declared us to be in recession? All they had to do was listen to "we the people" and you would KNOW you are in a recession! What idiots!
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- The real question is what will take longer, the recession or the amount of time to get the stench out of the Oval office. I hope Obama is packing 100 barrels industrial stregnth Lysol.
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- Well since the liberals took congress everything has been going downhill.
Posted by lady_organs "
Oh? WHEN did "liberals" supposedly "take" congress? The new administration isnt even IN yet, but MY how you overlook repub''s BORROW and spend BORROW and spend, and the $10 BILLION /mo war we didnt need, but I guess $10 B/mo is chump change when you look at the 5 trillion debt under Clinton ROARING to over $10 trillion on it''s way up to 11 under the repub/bush regime in just 7 years!
Oh, you mean when the "libs" "took" congress when last Nov they garned about ONE more Senate or house seat but the repubs still controlled the house or senate and the president is repub too and still controlled everything?
Honey, ONE seat doesnt control either the house or senate, ya need a far bigger margin like a 2/3rds MAJORITY, or enough to override the kings constant vetos, and that hasnt happened yet. - Reply to this comment
- Way to go Bush, way to go Neocons. The ultimate product of 8 years of republican rule: economic collapse and endless war.
Pathetic.
Time for a change!!! - Reply to this comment
- The White House commented on the news that a second downturn has officially begun on President George W. Bush''s watch without ever actually using the word "recession,"
It only took this long for old George W Bush, to figure out what every working stiff has known all along.Well I always knew George took one to many kicks to the head from his father''s horses as a kid. Or maybe the only way George Senior got through to George W as a kid was using a baseball bat. - Reply to this comment
- Oh that right, John McCain does not know how to use a computer. my bad !
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- Maybe John McCain will read this Article and FWD it to George W Bush.
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- Well, hot ***, someone finally admitted it.
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- ""It''s Official: U.S. In Yearlong Recession"
NO!! really??? whatever gave them THAT idea? according to king george not long ago the economy was STRONG and recession was not even uttered! - Reply to this comment
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