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US Has Been In Recession Since December 2007
The National Bureau of Economic Research said Monday that the US has been in a recession since December 2007. The NBER is a private, nonprofit research organization of academic economists who determine business cycles. The stock market took a dip on the news that reached double-digit percentages for some tech stocks.
Recession pshaw!
The NumBER's a flaw.
A portfolio of duds
Requires the suds:
Burma Shave
Get thee glass eyes, and, like a scurvy politician, seem to see things thou dost not.--King Lear
It's about time they came up with that revelation. What matters now is that we get out of it by shopping our asses off this Christmas!
FR!
but when these economists start retroactively applying the recession to previous time periods, thats just cruel and unusual punishment
why do we tolerate these economists? why don't we just lock them in a dungeon somewhere? what did we ever do to them to make them hurt our economy so bad?
maybe if some of us form a posse and tar and feather some economists these jerks will relent and make the economy good again
intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
Obam-ho-tep.... Obam-ho-tep.... Obam-ho-tep.... Obam-ho-tep.... Obam-ho-tep....
Use your head, can't you, use your head,
You're on earth, there's no cure for that - S. Beckett
I meant to post that anonymously :(
So they dropped triple-digit percentages? Did any of them drop more than 100%? I thought the whole point of shares was that you couldn't lose more than what your investment was?
- "We don't believe we're going to have a recession though." [Vice President Dick Cheney, 1/30/08]
- "I think the experts will tell you we're not in a recession." [President Bush, 2/10/08]
- "The answer is, I don't think we are in a recession right now." [Council of Economic Advisers Chairman Edward Lazear, 2/11/08]
- "First of all, we're not in a recession." [President Bush, 4/22/08]
- "The data are pretty clear that we are not in a recession." [Council of Economic Advisers Chairman Edward Lazear, 5/7/08]
- "I don't think we are" in a recession. [Director of the National Economic Council Keith Hennesy, 6/3/08]
- "I think we have avoided a recession." [White House Budget Director Jim Nussle, 7/31/08]
- "I don't think anybody could tell you right now if we're in a recession or not" [Dana Perino, 10/7/08]
Nice anecdote. I'm past suprise in finding a liberal offering up information intended to generate an emotional reaction rather than inform. Jobs have been lost in every year and under all economic circumstances.
Yeah, CURSE those GODLESS LIBERALS.
They're always looking for an EMOTIONAL reaction, because they want to MOVE TO SOCIALISM. They want to OUTLAW religion. They want to make abortions MANDATORY.
Worst of all, these liberals want to hand Osama bin Laden the keys to the castle so he can attack America again, because the "Blame America First" crowd gets off on that sort of thing.
(I'm sorry, I'm revelling in the irony. It's politics, and a lefty attacking a righty over appeals to emotion is just as ignorant as a righty attacking a lefty)
It's been a long time.
Actually, I think we need a "Why aren't there enough women in IT/games and what can we do?" story to make it a typical slashdot day.
SJW: Someone who has run out of real oppression, and has to fake it.
You know, that h4rm0ny is a real dick.
Now to click AC. Oh shi-
It's been a long time.
Actually if we are going by great depressions comparisons, if this truly IS another one, then we have MUCH worse coming down the bend.
The great depressions didn't just become "great" overnight. It took YEARS and YEARS and 2 presidents before it turned around.
What if we're in a "lousy" depression?
(couldn't resist :-))
The news media has accurately predicted 23 of the last 2 recessions.
For the last few years, I have taken the stance that Christmas could do with a good Humbuggering, and have taken to actually saying, literally, "Humbug" whenever people start with the "Merry..." , "Happy,..." etcs and general ostentatious jolliness on December 1st!
For many years prior, my lack of delirious excitement and palpable enthusiasm, as well as overt cynicism about the commercialization and general over-selling of the holiday, had me labeled "miserable", "hopeless", "a grump" and in recent years "the grinch". The way I see it, "Humbug" is just giving the crowd what they want, and it has the added advantage that people no longer expect, nay, demand my mandatory jolliness throughout the "season".
I actually enjoy Christmas, but the way I see it, the holidays are from the 23rd to the 31st of December. None of this all winter madness. The bastards are not getting once once ounce of holiday cheer out of me outside of those dates, and inside of them, I'm spending most of the time asleep.
So in conclusion; Christmas!? HUMBUG!!!
May the Maths Be with you!
"2. I voted for Obama."
My condolences.
Sig this!