Comments on: Bush Beams Over Progress In Iraq

Lauds Security Gains With Insurgents "On The Run"; Troop Deployments Reduced To 12 Months From 15

[ajmarine111]

Quarterly data: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.9 percent in the second quarter of 2008 (that is, from the first quarter to the second quarter), according to advance estimates released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.9 percent.

[hypnotoad72]

Meanwhile, America appears to continue to worsen. :(

[ubrew12]

AJMarine111 said: "we are not in a recession."

At some point, the disconnect between these oft-manipulated statistics and the reality on the ground is so large that the statistics become widely recognized as unreliable. The problem, at that point, is that the ''truth'' becomes whatever people say it is. I believe this country manipulates statistics like unemployment and GDP for political reasons FAR more often than in Western Europe, for example. And it shows in general public apathy toward those same statistics.

[royalia]

AJMarine111 is correct, we are NOT in a recession, I know you libs wish we were so you can Bush-Bash some more, but we are not, sorry....too bad

Ok, enough with the "libs" BS. I don''t have to be a lib to recognize that WE ARE IN A RECESSION. Higher unemployment, slowed economic growth, inflation, a chaotic stock market, all signals point to a recession. The Soviet Union had negative growth the last decade of its existence. Its economy collapsed. We DO NOT HAVE TO HAVE NEGATIVE GROWTH TO BE IN A RECESSION!. All you have to do is read the news and do some research. Please tell me, what economic measures point to the U.S. economy NOT being in a recession. SHOW ME YOUR SOURCES!

[ajmarine111]

Posted by royalia at 12:15 PM : Jul 31, 2008


In macroeconomics, a recession is generally associated with a decline in a country''s real gross domestic product (GDP), or negative real economic growth. According to widespread definition, a recession occurs when real growth is negative for two or more successive quarters of a year.


I admitt things are not rosie, but we are not in a recession.

[ajmarine111]

Are you suggesting that the economy has to decline, i.e. growth numbers have to be negative in order to be in a recession?

Posted by royalia at 12:15 PM : Jul 31, 2008


Yes.

I will try and find something on it. Give me a minute.

[meanbiker]

here are the reasons for our recession is :

Illegals taking low tech jobs then sending the money to where ever they came from. (I believe that it is the 4th largest source of money in mexico last yr) so that takes money away from American businesses. Then you have all the government programs that are being used by these people.. add the cost of translators for EVERY government agency.. $$$$$$$$$$

Then there is the out sourcing of so called high tech jobs.(phone tech support. that you can''t understand and they are just reading off the steps not really knowing what to do to fix the problems). and the out sourcing of parts for American made products..

Then you have all the import of products made else where.. TV''s , electronics you name it and it is made else where.. (ever try to just buy American made products.. it can''t be done..)

Then we have to pay to rebuild Iraq and the cost of the war.. (But someone needed to set up a democracy in the middle east, hopefully it will snow ball)

Then you have all the government pork.. Oink oink.. And the politicians health and retirement programs.. and the past presidents office rent.. oink oink..

and there is the weak dollar so companies and people from other countries buy up US property (that is just wrong!! and should be outlawed)

So point all you want at Bush.. but he isn''t the only reason we have a recession..

[royalia]

The one I''''m talking about envolves negative growth for a certain number of months.

Are you suggesting that the economy has to decline, i.e. growth numbers have to be negative in order to be in a recession? If so, then I say that slow growth is a recession too. I don''t know if we''ve had negative growth since the Great Depression. I''m not saying 100% we haven''t, but I would be surpised. The financial sector of our economy is in the doldrums, currently writing off billions of dollars in losses.

[minuteman-5]

Posted by AJMarine111 at 12:10 PM

AJMarine111 is correct, we are NOT in a recession, I know you libs wish we were so you can Bush-Bash some more, but we are not, sorry....too bad

And the "US monthly toll in Iraq at lowest since invasion" which is more bad news for you democrats who have been exploiting the war and using America''s suffering for your own selfish political gain, sorry, you lose, we win

[midvale3]

Are we in a recession? I think obama441 says it best. The spin doctors can come up with all kinds of economic mubo jumbo, but any objective person from either ideology can see mortgages failing at all time records, debt at an all time record, health cost etc. Then couple that with the flat wages on the middle and poor, you don''t need anyone to tell you things are tighter financially. To try to blame the Democrats is ridiculus, the Republicans had both houses and the Presidency for 6 years. For the Democrats to blame the Republicans is ridiculus, they let them do it. As long as the people with power and money can keep us all arguing about Nascar, the bible and them mean ol'' terrorist, they''ll keep right on shoveling the *** in our mouths and money into theirs. George Carlin was right, there is no government for the people, it''s sold to the highest bidder who plays us off of each other while they get rich.