Why There's No Joy Over the Recession's End

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Hello Sir/Madam,
This is not a normal recession.World Administrators(not leaders) are not handling it accordingly so far I understand.Their tremendous mistakes made today's situation.
I appeal to everyone to start campaign towards a new positive team of world administrators other way the day is not far when almost no one will be in this world.The situation is going towards that direction.Only honest and selfless people can make a halt of this onwards dying situation.
If anyone is thinking that there is some other way then I am bound to say that he is staying in the heaven of foolish people.
kind regards to all
Chinmoy Chatterjee,INDIA

chinmoy chatterjee 10:31AM January 08, 2011

Just because things aren't getting worse does not mean they are getting better. My four star mutual fund and blue chip stocks are still down 20% and my business is down because many of my clients are unemployed. I will believe the recession is over when unemployment is down to 5%.

Dar of FL 10:07AM September 23, 2010

Appearently, someone forgot to tell these college egghead economists that Perception = Reality. The reality of the unemployed and those struggling does not disappear simply because they declare ' It's over !!! ' How ridiculous. No, the recession really isn't over. I think some government officials prodded these economists for positive reports, all in a desperate attempt to force a mass hallucination on the American public- " Maybe if we tell people enough times the recession is over, they'll believe it !!! "

Ana of KS 10:42PM September 22, 2010

My thoughts are that a double dip is the least of our problems. We have a new paradigm on the economic landscape. It is quite clear to me what is going on. Insatiably we’ve been depleting our oil, minerals, aquifers, ocean fishing grounds, soil nutrients and rainforests- while rapidly increasing our population. Subdivisions sprawl so far from cities that people spend most of their free time commuting. We’ve reached the natural limits of growth. Economies need energy, land and raw materials, all of which are becoming short in supply on a per capita basis. Economists never talk about energy or resources.
Our capitalist system is like a bicycle, it needs to keep moving forward and grow or it will fall over. Economists and politicians keep trying to push our economic ‘bicycle’ forward with stimulus, tax cuts and low interest rates, but they are dragging this bicycle uphill against our natural limits. Since they are pushing it uphill it will not roll on its own when they stop, but it will wind up rolling back downhill.
I understand how unsettling it can be to think about a world without growth, but unfortunately it is a reality. Better to face this predicament now and start talking about it than to continue making our situation worse and passing on a bankrupt nation to our children.

John of VA of VA 5:26PM September 21, 2010

Of course we do. The current one is of little to no use for the average person. Until we see good job creation and income growth for the most of the population, we are still in a recession as far as I am concerned. What does it matter if the output of the economy is growing if most of us are not seeing any benefit from it?

Scott of MN 1:04AM September 21, 2010

As a single parent struggling day to day raising a teenage son and a helping support my college age daughter in whatever way I can, I absolutely have no words. Constant concern and worry are always part of life. Why do they have to be? I'm astounded by the selfishness of society today.

Kathy of KS 9:59PM September 20, 2010

There will not be a "double-dip". But reality has hit home. The years of what I call the Disney economy are done.
Interest rates are as low as they can go, so no more refis! All those new ATV's, kitchen appliances, home equity loans, pscale cars on leases, swimming pools, house additions, and all the rest are done. We can buy now only what we can afford. An Americans are finding that their salaries really did't cover so much without all the borrowing. So now - we have to save. Put money down on cars and houses. Live within our means.
The unemployed wil remain so - not all of them, but a lot more than before. Why? We don't need all those new houses, kitchen remodelers, retractable awnings and landscapers built or installed. We bought so much new the past 1 years, we are just fine as-is. Also - we have been exporting our manufacturing jobs so all of thse are gone - probably for good!
This is the new "service economy". Lots of rich, lots of poor, and more unemployed. We will grow a little, but basically, growth will not be the min component of our business model. So no rejoicing - just acceptance of the paradigm change. Brought to you by corporate America and our ignorant consumers.
It's OK. But not dazzling, and clearly we will lead only in WMD, not in quality of life going forward. That is sad.

DeeToo of SC 7:25PM September 20, 2010

I'm certain that the 9.6% of Americans who are unemployed (U3) and the 16.7% of workers who are part of the U6 broader statistic would agree; the recession is definitely in the past....for those who actually have jobs.
This recession could not have "ended" at a better time. With the United States public debt reaching $13.4 trillion, the American government could not afford to increase stimulus to spend its way out of a recession that was any lengthier. Fortunately, our the interest on our public debt is still smaller than the GDP of the top 22 countries in the world. Here's a look at the most recent debt numbers:
http://viableopposition.blogspot.com/2010/08/united-states-waiting-on-debt-downgrade.html
I wonder how the government will be able to stimulate its way out of the next economic debacle?

Steve Thompson of ME 7:24PM September 20, 2010

I have been watching the economic numbers too and have seen no sign of a double dip recession. I believe all of this talk has been a symptom of the financial media not having enough real news to cover and fear mongering makes for good ratings and readership. Yes, the growth slowed but it is still clearly good growth and a little slowing was to be expected after the big bounce in 4Q2009. In other words, it is going just like you would expect.
While GDP is what the economists use, employment is what the rest of us use, and it is definitely still improving. Even through the great 4th quarter we were still loosing jobs and we are now gaining jobs.

Stock-MD.com of FL 7:00PM September 20, 2010