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Recession

backhoeboogie

Well-known member
Will you liberals please just look up the definition in Webster's dictionary?

I hope each and every one of you bet on a winning horse some time in the next year so that you will have something to feel good about. The whining and crying about being a loser and running out and finding quotes on the net for other losers doesn't really accomplish much.

Just be a winner on something, and feel good about it. Then come and tell us all about that experience. We'd much rather hear that.
 

Mike

Well-known member
backhoeboogie said:
Will you liberals please just look up the definition in Webster's dictionary?

I hope each and every one of you bet on a winning horse some time in the next year so that you will have something to feel good about. The whining and crying about being a loser and running out and finding quotes on the net for other losers doesn't really accomplish much.

Just be a winner on something, and feel good about it. Then come and tell us all about that experience. We'd much rather hear that.

The sky is always falling for liberals during an election year. :roll:

Remember Clinton's mantra...."It's the economy stupid".? :lol:
 
A

Anonymous

Guest
It's a recession to 4 out of 5 Americans
May 7, 2008

NEW YORK (CNNMoney.com) -- A new poll shows that more Americans think the economy is in a recession.

A national CNN/Opinion Research Corp. poll released Tuesday found that 79% of respondents - nearly 4 out of 5 - believe the economy is now in a recession. That is up from 74% of Americans in March, 66% in February and 46% just a half-year back.
http://money.cnn.com/2008/05/06/news/economy/recession_poll/index.htm?postversion=2008050705
 

kolanuraven

Well-known member
Southdakotahunter said:
recession is just a word. Who really cares. Call it what you want.

Will anything change if we call it a recession? No. So who cares!


If you loose your house &/or job......I'll bet you'll care!!!
 

backhoeboogie

Well-known member
kolanuraven said:
Southdakotahunter said:
recession is just a word. Who really cares. Call it what you want.

Will anything change if we call it a recession? No. So who cares!


If you loose your house &/or job......I'll bet you'll care!!!

My parents and grandparents had a heck of a lot harder life than my generation has. If I were to lose my house, they'd just look at me as an idiot for not being a better manager. They would not be blaming anyone but me.
 

Southdakotahunter

Well-known member
Are you saying as soon as it is officially calld a recession, i will lose my house? You can paint a turd any color you want. Its still a turd. It wont make things any better by naming it a recession.
 

mrj

Well-known member
backhoeboogie, OT and others have been spoonfed this "woe is me" "the sky is falling" bunk for the purpose of creating a recession or worse by our liberal media and politicians! Apparently those answering polls have been suckered.....again!

mrj
 
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Anonymous

Guest
mrj said:
backhoeboogie, OT and others have been spoonfed this "woe is me" "the sky is falling" bunk for the purpose of creating a recession or worse by our liberal media and politicians! Apparently those answering polls have been suckered.....again!

mrj

Yep-- the new GW Republicanism-- 80% of the country/world is wrong- but Maxine, Backhole, and GW are right... :roll: :wink: :lol: :lol:

What ARROGANCE!!!!!!!!

Maxine- is that kind of like NCBA's good old boy policy on US Beef to Japan and Korea "We'll send them ignurunt furrinners whatever we want to and they will et it whether they like it or not" :???: :wink: :lol: :lol: :lol:
 

backhoeboogie

Well-known member
mrj said:
backhoeboogie, OT and others have been spoonfed this "woe is me" "the sky is falling" bunk for the purpose of creating a recession or worse by our liberal media and politicians! Apparently those answering polls have been suckered.....again!

mrj

mrj, I remember hard times. I remember being hungry. I remember doing without and choosing between wants, needs, and necessities and not always having necessities. Hard working people didn't really make ends meet back then. They just made do any way they could.

We got A/C in public schools sometime in the early 70's. If you told kids that in Texas today, they'd think you were nuts to expect them to go to school without A/C.

Unlike my grandparents, I never went barefoot. We didn't have the best of shoes, but we had shoes. So my "hardtimes" really don't compare to theirs.

I don't see near the hard times now that most folks had in the 60's. No one mentioned recession or depression then that I remember.
 

Steve

Well-known member
OldTimer
80% of the country/world is wrong-,...

What ARROGANCE!!!!!!!!

I would prefer arrogance to ignorance.."the condition of being uninformed or uneducated, lacking knowledge or information."

"The old saying goes that economic forecasters were invented to make meteorologists look accurate. When the weather reporter predicts rain, one can look outside to see if the forecast is correct. But when an economist predicts a recession, the only verification is the opinion of other economists."

Recession defination:..
In macroeconomics, a recession is 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.[citation needed]

In the US, the judgment of the business-cycle dating committee of the National Bureau of Economic Research regarding the exact dating of recessions is generally accepted. The NBER has a more general framework for judging recessions:

A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough.
http://en.wikipedia.org/wiki/Recession

"The increase in real GDP (first quarter 08 ) is the same as in the fourth quarter, reflecting an upturn in inventory investment that was offset by an upturn in imports, and downturns in nonresidential structures, in PCE for durable goods, and in PCE for nondurable goods."

http://www.bea.gov/national/nipaweb/TableView.asp#Mid

I would rather stand with the 20% of the country/world that knows the facts, then be lumped with the other 80% who makes their decisions based on emotions,... but OT if you want to cling to the "uninformed or uneducated", to guide your decisions... don't let me stand in your way.,..
 
A

Anonymous

Guest
Steve- you, GW, and the Bushites can call it whatever they want- doesn't matter.....If you want to live in false facade world-and not face facts-- fine with me....But GW's legacy will be the "BUSH BUST"- with the average folk knowing that their incomes, earnings, buying power, and expenses are the worst in the past 50 years- or possibly in the modern history of this country :shock: :( :mad:

And so far there is little to show positive for the future......

Right Direction or Wrong Track
77% Believe the Nation is Heading Down Wrong Track
Tuesday, April 22, 2008
Just 16% of Likely Voters believe the Unites States is moving in the right direction. The latest Rasmussen Reports national telephone survey found that 77% disagree and say the nation is heading down the wrong track.

Three out of four voters (75%) say the nation is not better off than it was four years ago. Just 15% disagree and say the nation is better off.
 

Steve

Well-known member
OldTimer
.If you want to live in false facade world-and not face facts-- fine with me..

I can face facts... we are not in a recession.. is a "FACT". :wink:

and no amount of opinion polls in the world can change that fact...


your reliance on opinion polls prove nothing more then you would rather ignore facts and live in your own made up "false facade world" :roll: :roll: :wink:
 
A

Anonymous

Guest
Steve said:
OldTimer
.If you want to live in false facade world-and not face facts-- fine with me..

I can face facts... we are not in a recession.. is a "FACT". :wink:

and no amount of opinion polls in the world can change that fact...


your reliance on opinion polls prove nothing more then you would rather ignore facts and live in your own made up "false facade world" :roll: :roll: :wink:

Yep- thats good old GW arrogant style thinking--- you are right and the rest of the world is wrong :roll: :wink: :lol: :lol: :p :(
 

Steve

Well-known member
Oldtimer said:
Steve said:
OldTimer
.If you want to live in false facade world-and not face facts-- fine with me..

I can face facts... we are not in a recession.. is a "FACT". :wink:

and no amount of opinion polls in the world can change that fact...


your reliance on opinion polls prove nothing more then you would rather ignore facts and live in your own made up "false facade world" :roll: :roll: :wink:

Yep- thats good old GW arrogant style thinking--- you are right and the rest of the world is wrong :roll: :wink: :lol: :lol: :p :(

if you could prove me wrong with facts.. you would have... but you can't.. so you rely on polls...

polls are not facts... people can be wrong.. not long ago many thought the world was flat... they were wrong... :?
 

MoGal

Well-known member
Garden planting and of course my folks coming in last week has kept me busier than a cat on a hot tin roof. I stay busier now as a housewife than when I had a job....... fetching parts and supplies, tools, etc.... and taking hubby's two older siblings to dr appts because they don't drive.... honestly I can't imagine anyone of age not having a drivers license this day and age.... so going over to the hubby's homeplace is like stepping back in time.... is refreshing and nice to be around good old fashioned country folk............ but I see I've missed a bunch of postings and it may take a while to catch up.......

-----------
I think this country's banks have a "solvency" problem, not a liquidity problem. It would be better to let them go down because of their "greed" however Citigroup, Jp Morgan, Goldman Sachs, Bank of America, Wachovia, etc............ all have a percentage of stocks in the Federal Reserve itself so the Federal reserve will bail them out at taxpayers expense if they have to (privatize the profits, socialize the losses).

Unemployment is rising, setting up unrest in this country but its all part of the "global elite" plan to instill FEAR so that Americans will give up more rights and sovereignty of this country so that they can march on towards a global government.

There's no oil shortage however they want you to think there is so people will cut back (Gull Island, Alaska has more oil than all of the middle east).

the food shortage is man made so that 3rd world countries will accept a "global food authority" (of course I'm sure the UN will want to be the head of that!) AND to force countries into accepting GMO or biotech foods.......... many countries do not allow genetically modified foods and this has changed their acceptance of it. (I can't find the exact link where I read this, but it was on this site, go halfway down on page http://cuttingedge.org/newsletters/043008.html)

This is all planned, the very rich don't care how many people starve (humans are disposable and lower than animal dung), or become unemployed. They don't care how many children are affected by a drastic change in living standards due to losing their home or a parent losing a job............ or if a parent commits suicide because they've lost their pension or life savings........ they don't care......... we've got to save the very rich, for they are the global elite.

We've probably all got family members who have a condo in the Swiss Alps (or somewhere similar) or a cousin that's been a million dollar real estate agent seller not once but twice. But I'm not talking about these people, I'm talking about the top 1% who want to run this world to obtain POWER..... its all about control and power. They've got enough money to last ten lifetimes, but they want control and power over all the people and their resources.

---------------

WHAT should one do?? Take care of your family... perhaps there may be less, but God always provides for his children if we put our faith and trust in him.

PAY attention to family members....... many times you learn more by what is "not" said rather than what is said..... for instance, its a known fact that people have more fights in their marriage & divorce when money is tight.... there are more suicides and mental health problems when money is tight....more abuse of children happens as well, so tune yourself in to your family and friends.

I've always found that if I could supply a need someone had, I freely gave it to them and God blesses me ten times over what I gave away. If you can supply a need when someone is truly down and out just patting them on the back and saying, "I'll pray for you" just don't get it. You will have to determine if they are "truly" in need or are you "enabling" them to maintain a lifestyle that is not good for them.

My father was born in 1929 and he remembers when they didn't have enough food, they only got one pair of shoes in the fall and by spring they didn't fit anymore so they had to go barefoot all summer. He remembers Christmas as a bag of candy with an apple or orange in it and that was all. My mother was born in England in 1936 and she remembers food rations and rations of all sorts. When she was 13 she came down with scarletina and because all antibiotics were kept only for soldiers she couldn't get any.... luckily she survived but I believe that has caused her the heart problems she faces.

So of course, things aren't that bad yet, but is there any need with the wealth of this country that we have for such greed to be allowed?
 

hypocritexposer

Well-known member
There's no oil shortage however they want you to think there is so people will cut back (Gull Island, Alaska has more oil than all of the middle east).

If there is all this oil, why would they want you to cutback? If the profit is there to be made, why wouldn't they be even coming close to preparing to extract it?
 

Steve

Well-known member
MoGal
Unemployment is rising,

actually it is down..

An unemployment rate of about 4% - 6% is considered "healthy". Lower rates are seen as inflationary due to the upward pressure on salaries; higher rates threaten a decrease in consumer spending.

we are at about 5%
 

backhoeboogie

Well-known member
Steve said:
MoGal
Unemployment is rising,

actually it is down..

An unemployment rate of about 4% - 6% is considered "healthy". Lower rates are seen as inflationary due to the upward pressure on salaries; higher rates threaten a decrease in consumer spending.

we are at about 5%

You are right Steve. Alaska and Puerto Rico are hurting as far as the that goes. Alaska is a seasonal tourist thing and it will be really low soon as fsihing starts to pick up. I talked to my niece and they are booked solid on both the lodge and the boats. She has a busy summer ahead of her.

When all these new nukes start construction, there is going to be a boon there that we haven't seen in over 30 years.
 

backhoeboogie

Well-known member
MoGal said:
My father was born in 1929 and he remembers when they didn't have enough food, they only got one pair of shoes in the fall and by spring they didn't fit anymore so they had to go barefoot all summer. He remembers Christmas as a bag of candy with an apple or orange in it and that was all.

In '65 I got a Tonka truck and still have it. That was the first big store bought thing I remember getting. I know it was '65 because of the grade I was in. Couldn't wait to tell everyone when school started back.

Dad made me some blocks one year out of scrap wood. That was probably about '62 or so. He must have spent hours on those. They had dado grooves and slots for stacking. They were all sanded and finished. My grandson plays with them - and that Tonka truck I still have.

My birthday is 2 days after Christmas. My wife gave me my first birthday party. We always got a cake on our birthday growing up but we never had a party. Too many kids I guess.
 
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