The Great Recession is over?

[europeanplates]

I personally think it is worst. All the people who actually paid there bills and where not helped out by re structuring loans etc are now feeling the heat while the non paying and not knowing what they got into homeowners are sitting good. Pretty f-d up.

Tyler

[joshh]

Yeah, if people dont have jobs, then they dont have money. If they dont have money, there is less money being spent. It's all a sham to try to get people to loosen their pursestrings and spend the economy well. I can't wait to see what Christmas/Black Friday have to say about the "recovery".

That's a scarey thought. With credit being all fucked up still. I don't see any records being set that's for sure.
I hope many Americans learn that credit isn't a good thing overall. I'd like to see the banks get much smaller and stop loaning so damned much. Hopefully they too learned their lesson....not of course.

[Farbin Kaiber]

Yeah, if people dont have jobs, then they dont have money. If they dont have money, there is less money being spent. It's all a sham to try to get people to loosen their pursestrings and spend the economy well. I can't wait to see what Christmas/Black Friday have to say about the "recovery".

[joshh]

You call call it whatever you like. Shit really hasn't gotten much better at all. Unemployment could go up to 11% and you'd still have dumbasses claiming the economy has turned around. Point is our ecomomy wont turn around till the jobs come back. And we still don't know if things will get worse from here.

The bailout sure didn't help much.

[nando]

just think, if they had actually spent the 1.5 trillion on roads and infrastructure (water, sewer, electric) instead of bullshit, people would have jobs and we'd have something to show for it 10 years down the road.

[gwb72tii]

Unemployment is only one small piece.

tell that to the people still losing jobs
it is not a small thing and will drag on the economy for a long time

and since you asked, a lot of this is in fact the messiah's fault. he took advantage of the downturn to pass a pork-everything-you
-wanted-but-couldn't-pass-with-a-divided-congress bill in the name of stimulus. the trouble is it was in fact not stimulus, and the economy is still bleeding jobs because he did nothing to help the private sector. it was a huge fuck-up and we're all paying for it.
the man is on WAY over his pay grade

[StereoInstaller1]

I think the whole housing bubble is nothing compared to what is gonna happen soon with the commercial real estate bust.

[kishg]

i don't want to get into a political thread, but since it is early in the thread, i'll comment.

the reason the recession is over is because of the actual definition of "recession". it has to do with GDP growth over a certain period of time, and it may also account for unemployment rates.

BINGO! Nice to know some members here use their brains.

[Ryan Stewart]

There is a shit-ton of bad news going on but they are correct that the recession is over. Now, if someone is misinterpreting that to mean the sun is shining, well, that doesnt change the fact that the recession has ended.

[Farbin Kaiber]

I understand the techno-lingo the policymakers are using, but they are loopholing this whole fiasco and telling people the sky is no longer falling, when in fact, anyone can still see a big hunk of frozen, blue airliner toilet tank shit crashing down fast...


people still have no jobs, default on credit cards, and pop a whole 'nother bubble the likes of which pale the comparison to the housing/.com bubbles we have seen in the past.

[daniel]

i don't want to get into a political thread, but since it is early in the thread, i'll comment.

the reason the recession is over is because of the actual definition of "recession". it has to do with GDP growth over a certain period of time, and it may also account for unemployment rates.

wikipedia:
a recession is now often defined simply as a period when GDP falls (negative real economic growth) for at least two quarters. Some economists prefer a definition of a 1.5% rise in unemployment within 12 months.

[LBJefferies]

Actually it's Obama's fault. Everybody knows that.

[Optimator]

Why don't you pick on Buddy this way?

Buddy?

[gazellebeigem3]

it was all booshes fault

[Farbin Kaiber]

Why don't you pick on Buddy this way?