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Dude, Where's My Recession? The Series

June 26, 2008 RSS Feed Print

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So it looks as if the economy was a bit stronger in the first quarter than first estimated, up 1 percent rather than 0.9 percent. The details of the revision also make it more likely that 2Q will be safely positive. In short, the economy grew during the final quarter of last year, the first quarter of this year, and very likely during the current quarter. Lousy growth, absolutely. But no recession despite a housing meltdown, credit crunch, and oil superspike. This is why I call the U.S. economy the Amazing American Growth Machine.

Tags:: recession,; economy,; GDP

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We are past a recession, as the global financial meltdown continues, the reality of putting the head in the sand must come to a complete halt, if a America, is to survive. I tell you the truth, America, must put on the "Armour of God" and
the "fruit of the Spirit," we must walk by faith, and not by sight, puting out trust in the "Savior" Jesus Christ. If God,is
with us, then who can be against us? We must defend our soil for the sake of our children, and grand children.
"GOD BLESS AMERICA"

William Rist of CO 9:24PM November 16, 2008

If you believe that the economy will improve, then you are correct, but that would only apply to the wealthy, not the average middle class taxpayer and below. Stop to consider, who is going to pay for the Fannie Mae & Freddie Mac bailout. You don't see a bailout for homeowners. Those who believe that bailing these two frauds out are good, you are only hurting yourself, when you find less food on your tables. The recession
is all around,a recession affects people at the gas pump,at the grocery store,at tax time,when their is less wage increases,when the U.S. dollar has less buying power. Many people will try to be optimistic, saying the economy will improve only because they have not personally been affected.Whoever believes that there is no recession, has already been deceived. Next time a person looks at their bank account,ask yourself why there is no savings for the future.Banks are not paying interest to help the customer, but to help themselves.As long as people accept a fraudelent Federal Reserve, and IRS, then you will be a slave to the world bankers, for the rest of your natural born days.

William Rist of CO 12:36PM July 26, 2008

http://fmpolitics.blogspot.com/2008/06/sky-isnt-falling.html

Jeff of OH 10:23AM June 27, 2008

Dude, Where's My Recession? The Series

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