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theking 05-25-2008 01:41 PM

Quote:

Originally Posted by spanky part 2 (Post 14234608)
Gator, you and I are on the same page here. I always love republicans stating technical reasons why the economy is not in a recession. Mortgage crisis, gas at $4 and climbing, wages declining, an unending war, but things are ok:thumbsup

The king is a fucking tool and a waste of carbon.

Where is that picture of baghdad bob when I need it.

FYI...I am not and have never been a Republican. Please point out where I have ever said "things are OK".

ThunderBalls 05-25-2008 02:03 PM

Quote:

Originally Posted by theking (Post 14234548)
A recession is defined by two consecutive quarters of negative growth...and until that happens it is immaterial who says we are in a recession...now isn't it?

Bullshit.

http://en.wikipedia.org/wiki/Recession

In macroeconomics, a recession is generally associated with a decline in a country's real gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year. However, this rule doesn't always hold true. The National Bureau of Economic Research's (NBER) Business Cycle Dating Committee ultimately decides whether the economy has fallen into a recession. The NBER does not use any specific methodology for determining the start and end dates of a recession - instead it looks at a variety of economic indicators over various time periods and determines whether to declare that the economy is in a recession based on those data.

theking 05-25-2008 02:59 PM

Quote:

Originally Posted by ThunderBalls (Post 14234791)
Bullshit.

http://en.wikipedia.org/wiki/Recession

In macroeconomics, a recession is generally associated with a decline in a country's real gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year. However, this rule doesn't always hold true. The National Bureau of Economic Research's (NBER) Business Cycle Dating Committee ultimately decides whether the economy has fallen into a recession. The NBER does not use any specific methodology for determining the start and end dates of a recession - instead it looks at a variety of economic indicators over various time periods and determines whether to declare that the economy is in a recession based on those data.

According to what you posted I did not state any bullshit...now did I? The NBER does not use any "specific" methodology sounds like voodoo (bullshit) to me. BTW...have they declared the nation to be in a recession...if so please provide the link?

ThunderBalls 05-25-2008 06:02 PM

Quote:

Originally Posted by theking (Post 14234973)
According to what you posted I did not state any bullshit...now did I? The NBER does not use any "specific" methodology sounds like voodoo (bullshit) to me. BTW...have they declared the nation to be in a recession...if so please provide the link?

They don't declare a recession until 6-18 months after the fact, but what difference does it make if you think taking many factors into account sounds like 'voodoo' to you?

Regardless of who decides to label a recession (and more than half of economic experts believe we are in a recession) it really doesnt matter. It doesnt take an economic scholar to know this country is in its worse shape since the great depression. More people have lost their houses to foreclosure since the depression, energy prices have skyrocketed out of control, food prices are the highest they've ever been, the dollar is at its weakest point ever, the US deficit is at its highest ever, consumer debt is at its highest level on record, and US wages are dropping. I cannot think of a worse recipe for economic disaster and I believe we have not even come close to seeing the worse.

pussyserver - BANNED FOR LIFE 05-25-2008 06:16 PM

Lets Cut the bullshit we are in fact in some form of recession and that’s a fact

And I define that as our economy being in decline with GDP on a slide. The thing that gets me though is that republicans refuse … I mean absolutely refuse to take blame for this shit and that’s from the white house all the way down to the want to be fiscal republican posting on GFY

Rerpublicans fucked our country up…. Plain and simple

GatorB 05-25-2008 06:49 PM

Quote:

Originally Posted by notoldschool (Post 14234539)
We have another winner for most ignorant and self important statement of the weekend. U KNOW SHIT.

No I've only lived here for 15 1/2 years so of course YOU who have probably never even been here let alone live here somehow know more than me about how this state works and the people in it. I would like to know WTF your issue is? Is wear if Obama did lose the election you'd call everyone who brought up the fact a retard and denied it happened just because you don't want to deal with reality. WISHING somehting to happen doesn't mean it WILL happen. At least I'm basing my opinion on FACTS. Show me any statistic that shows Obama is going to win TN.

here's the newest polls. Not even close.


Rasmussen Reports 4/7/08 Obama 31.0 McCain 58.0
Survey USA 3/6/08 Obama 38.0 McCain 54.0
Middle Tennessee State University Poll 2/28/08 Obama 36.0 McCain 50.0

GatorB 05-25-2008 06:53 PM

Quote:

Originally Posted by theking (Post 14234724)
FYI...I am not and have never been a Republican. Please point out where I have ever said "things are OK".

You state we are not in a recession the PEOPLE aka VOTERS feel that we are. It doesn't matter if we "technically" are or not. Any candidate that talks like you with his Econ 101 logic on why we aren't in a recession will LOSE in November because the people aka VOTERS will feel he is out of touch. Do you get it yet?

notoldschool 05-25-2008 06:56 PM

Quote:

Originally Posted by GatorB (Post 14235684)
No I've only lived here for 15 1/2 years so of course YOU who have probably never even been here let alone live here somehow know more than me about how this state works and the people in it. I would like to know WTF your issue is? Is wear if Obama did lose the election you'd call everyone who brought up the fact a retard and denied it happened just because you don't want to deal with reality. WISHING somehting to happen doesn't mean it WILL happen. At least I'm basing my opinion on FACTS. Show me any statistic that shows Obama is going to win TN.

here's the newest polls. Not even close.


Rasmussen Reports 4/7/08 Obama 31.0 McCain 58.0
Survey USA 3/6/08 Obama 38.0 McCain 54.0
Middle Tennessee State University Poll 2/28/08 Obama 36.0 McCain 50.0


Well I have lived here for 36 years and I can say for a fact that Mccain has no chance here.

Now doesnt that sound dumb. Like I said, you dont know poo.

BTW Polls arent facts. They are biased surveys.


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