Who has more experience? Palin or Obama?

[rwh11385]

Please show me where I said recession. Never happened. I said the country was in worse shape than it was eight years ago. I said this was in part due to many of the current administrations decisions.

My 401K has done quite well, my stocks and bonds are no worse off than they were eight years ago but even if they were I would not sell as they are a long term investment and a place to get tax benefits for my money.

You said Lair changes his tune when cornered, is that what you are doing now with the recession reply? Where did I say recession?

I don't know anyone would said that in those words. But some of the stuff that happened during his time is not his fault. Correlation does not indication causation. Comparing 2008 to 2000 without noting the things that influenced our country outside of him would be rather ridiculous.

Is Katrina his fault?

Was he to blame for 9/11?

Is the recent negative effects of globalization to be blamed on him?

[parkerbink]

I don't see recession anywhere in that...

Recession is two quarters of shrinkage in the GDP, which he haven't seen since 1980-82.

Please show me where I said recession. Never happened. I said the country was in worse shape than it was eight years ago. I said this was in part due to many of the current administrations decisions.

My 401K has done quite well, my stocks and bonds are no worse off than they were eight years ago but even if they were I would not sell as they are a long term investment and a place to get tax benefits for my money.

You said Lair changes his tune when cornered, is that what you are doing now with the recession reply? Where did I say recession?

[nando]

way to state the obvious - I think we all know the economy is flat.

what you guys seem to be pissed off about is the bubble economy where people were cashing in on their overvalued homes and spending it on junk made in china no longer exists - and even worse, all that borrowing and importing has come back to bite us in the ass. Sure was a fun party while it lasted though..

I'm glad the stock market is in the dumps, actually - that means I'm buying into my retirement when everything is really cheap. :)

[rwh11385]

I don't see recession anywhere in that...

Recession is two quarters of shrinkage in the GDP, which he haven't seen since 1980-82.

[parkerbink]

Hey there Bob, Do you know something the Federal Reserve does not?

http://ap.google.com/article/ALeqM5hwHbki86OAoUhqDveb6JLDol_4-gD92VD44O0

WASHINGTON (AP) — The nation struggled with slow economic growth and still-high prices that are weighing on consumers and businesses alike as the race for the White House kicks into high gear.

The Federal Reserve's new snapshot of business conditions, released Wednesday, underscored the toll the housing, credit and financial debacles are having on the economy and the challenges likely to be faced by the next president. Problems are expected to persist into next year.

Fed Chairman Ben Bernanke and his colleagues are all but certain to leave a key interest rate alone at 2 percent when they meet next on Sept. 16 and probably through the rest of this year.

Given the fragile state of the economy, the Fed isn't in a hurry to boost rates to fend off creeping inflation. A growing number of analysts believe the economy is likely to hit another dangerous rough patch later this year as consumers and businesses curtail their spending even more.

Heading into the fall, economic activity continued to be slow, the Fed said. Businesses described the climate as "weak" or "soft" or "subdued."

Consumers, the lifeblood of the economy, showed caution. Shoppers "concentrated on necessary items and retrenchment in discretionary spending," the Fed observed.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

WASHINGTON (AP) _The Federal Reserve says the nation is struggling with slow economic growth and still-high prices despite the recent drop in energy costs.

The Fed's new snapshot of business conditions underscores the toll the housing, credit and financial debacles are taking on consumers and businesses alike.

Given the fragile situation, Fed Chairman Ben Bernanke and his colleagues are all but certain to leave a key interest rate alone at 2 percent when they meet next on Sept. 16, and probably through the rest of this year.

[ragged325]

I think this thread is pointless. I think that McCain's soul mate will back-out to "spend more time with her family" shortly. I can't see this lasting more than a week. See Harriet Miers.

[Lair]

"Ignorant".

[parkerbink]

Lets get serious, people . . . .

http://www.youtube.com/watch?v=d-QevraCQUc

Finally the voice of reason!

[Dave]

Lets get serious, people . . . .

http://www.youtube.com/watch?v=d-QevraCQUc

[rwh11385]

robert you are quite passionate about economics. i am confused, does john mccain qualify as an expert in economics?

nope, he's said he wasnt and hasn't said anything like Obama to mess with things, besides allowing corporate taxes to be more competitive globally.

He has said that he would leave it to the professionals if a 3am phone call hillary would want to take action on would happen, which is what I would want.

[e30sd]

robert you are quite passionate about economics. i am confused, does john mccain qualify as an expert in economics?

[rwh11385]

If you don't care to read and understand economics, you are arrogantly determined to remain ignorant. You've proven time and again that you are stubborn in your dedication to stay clueless.

Clearly I am able to bring up good points in discussions, regardless of if people are fond of the answer. If you only tell people what they want to hear, you do them an injustice.

[Lair]

You and others are completely clueless when it comes to econ... so I'm saying your views are worthless.

As are you as a poster. You bring no value to the site, hence you should be banned.

I know you are the planet's foremost economist, but that doesn't mean I have to agree with you.

How much value do you bring to the site? Besides increasing the number of times that the word "ignorant" hs been posted here?

[rwh11385]

No.

What I'm saying is I don't care what you think. Just because you and others think Bush isn't responsible doesn't mean he isn't.

You want to ban me because I disagree with you?

That's very republican of you.

You and others are completely clueless when it comes to econ... so I'm saying your views are worthless.

As are you as a poster. You bring no value to the site, hence you should be banned.

[rwh11385]

http://ecedweb.unomaha.edu/ecedweek/quiz.htm

Have fun.