One of the first things I want to clear up is that this great country is NOT in a recession! And has not had one officially for the past 7 years! One might argue that we would not have had one then except for the Sept 11 2001 attacks. Even with the "tech / Internet stock bubble" It is actually quite difficult to grind the US Economy in to negative numbers. See Historical time line:
http://recessionhistory.info/timeline/
http://recessionhistory.info/timeline/
Definition of Recession: "...two consecutive quarters [6 months] of negative economic growth as measured by a country's gross domestic product (GDP)."
(Note that 3 months is a Quarter so 6 months is the count)
Our US Current GDP: + 3.24 % Growth! as of this date's post
See "Current Economic Indicators" at http://www.forecasts.org/gdprealgrowth.htm
(on the bottom of the page after the forecast)
So many reports by the MSM clam that we are just about to be in a recession or might as well be in a recession. Things are so bad just look at this CNN Money article:
They are constantly playing down the US economy. I'm sure I could do a study of the current Democratic Political effort with the MSM's play on how bad the economy is, but that is another post.
I talked to a friend just the other day and he said that he was so mad at President Bush for putting us in the worst recession we have seen in along time.
Wow is he misinformed! The first dead give away that this person is infected with the liberal Democrats propaganda is that President Bush is to blame for everything... Ok a little rant here... If a person has a bad case of “I hate Bush and all his Rich friends-itis” then he/she has given in to the lazy temptation of blaming others for their current circumstances. Hay Idiot, You live in America, the land of opportunity, You can always improve your circumstances! Pull yourself up by your own boot straps!
A President even a very bad one (which is not the current case), by himself could not bring the massive US economic machine to a halt and then start it rolling backward... Remember It has to go negative for 6 total months to be a recession.
When you hear the liberal MSM say that the Economic sky is falling, Just check the GDP. You can see it clearly for yourself.
-- Peter L. Mathias
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