I just found out the recession is over..
 

No shit?

How are we out of a recession? who is giving out this news? WTF is going oN?

Mr Obama said it, so it MUST be true!

All Hail Obama!

Sally.

the jobless rate is still high, ppl are broke...and we are out of a recession!

And in a depression.

http://www.usdebtclock.org/

The US has been in a recession for sometime. Obama was given a raw deal from Bush.

Worry not!

Our DEAR LEADER will take care of us and make things right for all after spreading the wealth!

Sally.

Well the economy is either growing or receding. If you fall back far enough any small amount of growth will technically end a recession.

But if a guy earns $10 an hour in 2008 and you cut his pay to $5 an hour in 2009. He's not going to be that excited about earning $6 an hour in 2010 even though he's had a 20% pay increase.

The same economists on the Fed payroll/grants that "supposedly" never saw it coming to begin with.

yeah, the Romanian president announced on TV that recension is over, maybe in his imagination I think. What an idiot!

It is over because an election is right around the corner. They need to clean everything up, bring the troops home and make you think they are kicking ass.

Then back to reality, which is... there is no spoon.

Recession is over!

Quickly rush out to spend more and get more debt... nevermind about the long term, China will lend to you forever :)

:1orglaugh Love the thread Gamefinest :thumbsup

Agreed, he does rule the world :1orglaugh

Loving these comments..... The wit must be the good trend of the decreasing recession :pimp

lolzzzz, yeah right... the US going down

http://www.nber.org/cycles/sept2010.html
If any of you tards knew anything about economics and the indicators you'd understand but that would require more than a junior high education.

Not for the UK :(

2.5% decrease on taxes to save members of the public a few quid at christmas, may cost Britain 10s of millions over the next years or so....

Another recession is due... in about 2 years, watch people sell homes as interest rates go up & house prices fall :Oh crap

In my area it's pretty bad, housing is beyond bleek... The good news is that I'll be ready to buy more properties early next year. Someone elses misery is someone elses opportunity :2 cents:

Then you obviously lack even a junior high education if you think the recession is over.

Working around the banking sector for the past 12 years, I've watched this situation evolve... Only just found this video yesterday....

Did you even read the article? Based on the indicators the recession was over in 09. Just because you are a whiny bitch doesn't change the facts.

There are very few "facts" in economic theory. Find me a room full of economists, and I will find you a room full of differing opinions. The only "Fact" about economic theory and study is that the economic systems themselves, (i.e. the interactions between human beings), are so complex that no one has it down to a set of "facts".

Obama's kryptonite cuts to the very heart of the administration's failings at a presidential economic town hall:
http://www.thedailyshow.com/watch/tu...-the-depressed

exactly, and this is part of the problem that both the govt and the people dont get..

however, i cant believe we are basing this countries recovery on principals used after the depression...

to me, its simple accounting.. dont spend more than you take in... thats how we recover economically.. :2 cents:



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Agreed on all levels. Unfortunately this is looking more and more like the situation, (which I believe in large part was forced on us by government regulation on bank lending in the first place), is being seized upon, by both parties, as an excuse for the federal government to grab MORE power over the intricacies of the economic interactions of it's citizens.... something which has never worked to grow an economy IMHO, since there is no panel of "experts" that can successfully predict and control the most complex patterns of behavior of human beings on a large scale.


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The recession is over... that doesn't mean we've climbed back on top, it means the mass dropping has stopped for a period of time. The recession is defined by particular drops in combination with a drop in gdp over a period of time. When the drop stops for a period of time, the recession is over. Some areas could still be dropping, sucking or not moving at all but that doesn't mean the recession isn't over.