That Recession That Isn't Going to Happen Is Happening
Hey, remember that supposed "recession" that was supposedly going to happen that all you whiners were whining all about for the past year or so.
Well, it turns out that all economic experts were right. There's nothing at all to worry about. A recession is not going to happen. No way! Because the recession already started, like, a year ago or something…
The evidence of a downturn has been widespread for months: slower production, stagnant wages and hundreds of thousands of lost jobs. But the nonpartisan National Bureau of Economic Research, charged with making the call for the history books, waited until now to weigh in.
In a statement released Monday, the members of the group's Business Cycle Dating Committee — made up of seven prominent economists, most from the academic sector — said that the economy entered a recession in December 2007.
See? Don't you feel silly now?
I can't wait to collect on all the bets I made as soon as everyone I know gets some jobs.
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Fox News can't figure out how a totally unregulated economy led to excessive greed.
And, before you jump on me for mentioning the S word, think of the decades, that oil, coal, as well as the auto industry, have gotten handouts. Not once, have those handouts actually benefited the Taxpayer. We pay for their losses, we pay for their drilling, we give up OUR public land, so THEY can get rich, and privatize their profits.
Why the hell, should we continue to give any kind of handout, that doesn't directly impact and help our taxpayers, our workers, or our citizens.
Why are foreign banks, getting handouts, over our auto manufacturers, upon which, so much of our economy depends on, for jobs, and production?
America's car culture is part of our history, and our legacy. The union busters want to begrudge a union guy making 50 grand a year, when the CEOs walk away with tidy millions and obscene perks like private jets and luxury retreats. Please. I'm sick of the Potterville mentality of the Trickle Down crowd. Nothing has trickled down, unless you count outsourcing and market manipulation.
Liberty, without responsibility, is just anarchy.
A rigged market, is not a free market.
When America starts actually producing something, and leading the world again, in technology and innovation, we'll be back on top.
Until then, you can watch your crystal balls and sit like a bookie in Las Vegas watching the stock market go up and down, but as any good investor knows, your stock is only as good as the company it keeps. Meaning, if you invest in a good company, that actually produces things, instead of just speculation and shell game con job false market inflation, you won't see the house of cards implode before you eyes, like you're seeing now, with the compulsive gamblers on Wall St. blowing all our money in yet another roll of the theoretic – throw money at the problem – dice.
My feeling – IF you're throwing money around, why not actually build the economy, by stimulating jobs and industry, over bogus tax cuts for the rich or "investments" for Paulson's speculator friends in Dubai.
My bet, we're actually in a depression, only the Chinese are too desperate to sell us toxic goods, so they'll keep throwing money at us to try and plug up the carnage.
Only thing, if we don't put a cork on Paulson, and start investing wisely, in American industry and new technology, that will bring us into a booming Eco Economy, we'll watch our printed bailout money sift through the gamblers on Wall St's fingers, as they tinker with mergers and aquisitions, over lending to Main St.
I say, take it to Main St. Give the taxpayers a break, by lending directly to us. Bailout the Big 3 and let the UAW buy the companies, so they can make contracts with themselves, then hire new management. They need to bring in a Steve Jobs, to create the new iCar, or, at least bring the damn Volt to market.
Rather than quietly give Abu Dhabi's Citigroup 300 billion for worthless, toxic assets we don't need, invest that in subsidizing the American Taxpayer, so we can buy the Volt at 20 grand, over the proposed 50 grand. As they start selling like hotcakes, and new, innovative plants are built throughout the country, creating millions of new jobs, costs will go down, and eventually, the company will start turning a profit again. When it does, the American taxpayer can be paid back, and America will once again be relevant in exporting products and the world market, as we lead the world, in new technology.
As people drive plug in hybrids, we all get solar rooftops and farms are dotted with windmills, and we simply plug in at home, or use gas for roadtrips, but for some, a booming home energy business could be fostered, with energy farmers selling their excess power back to the grid.
There. Economy solved. LOL.
You're my recession. My only recession. Who do you want me to be, to make you sleep with me.
According to Keynes, the root cause of an economic downturns is an insufficient aggregate demand. When the total demand for goods and services declines, businesses throughout the economy see their sales fall off. Lower sales induce firms to cut back production and to lay off workers. Rising unemployment and declining profits further depress demand, leading to a feedback loop with a very unhappy ending.
90% of the time you can make statistics show whatever you want 50% of time
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