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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. |
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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. |
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 |
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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 |
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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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