We MAy have seen the bottom of the recession: Who gets credit for the possible...?

Discussion in 'Politics' started by Wyldgusechaz, Apr 3, 2009.

  1. Wyldgusechaz

    Wyldgusechaz New Member

    Joined:
    Dec 14, 2006
    Messages:
    1,259
    Likes Received:
    0
    Gender:
    Male
    Obama? He hasn't done anything that has been implemented. Bush? He did some things but he is long gone.

    I like to think its the resiliency of our economy. Not policy or not people. (Of course perhaps we have more pain but I get the feeling the bottom has been reached)
     
  2. B_Nick4444

    B_Nick4444 New Member

    Joined:
    Nov 24, 2007
    Messages:
    7,002
    Likes Received:
    12
    Gender:
    Male
    Location:
    San Antonio, TX
    exactly what seems to be happening

    but, of course, Obama continues to pursue his policy of re-creating the USA in the image of the Singaporean corporate State, as do his pack of organ-grinder 's monkeys

    how will we ever undo Obama?
     
  3. Elmer Gantry

    Gold Member

    Joined:
    Sep 1, 2006
    Messages:
    1,503
    Albums:
    2
    Likes Received:
    554
    Gender:
    Male
    Location:
    Melbourne (VIC, AU)
    False bottom. What we're seeing is a bit of wishful thinking with some inflation thrown in.

    Dow is still worth a lot less than 10 ounces of gold. Long way to go yet.
     
  4. D_Ireonsyd_Colonrinse

    Joined:
    Dec 27, 2007
    Messages:
    1,539
    Likes Received:
    1
    Republican House Minority Leader John Boehner (he's the guy that was flapping that 18-page glossy brochure around last week, the republican alternative budget called "The Republican Road to Recovery", that contained no actual numbers) has been urging the president to work with House Republicans to impose a "spending freeze" until the end of this fiscal year.

    Yes, that's right. We're in a recession, unemployment figures are expected to get worse for at least another 6 months, all economists say stimulus spending is needed, both for practical reasons (and psychologically it doesn't hurt either).

    And Boehner is standing with republicans calling for a "spending freeze".

    --------------------

    On ABC's This Week, conservative columnist David Brooks called Boehner's spending freeze idea "insane":

    BROOKS: The problem with them and the problem with Limbaugh in terms of intellectual philosophy is they are stuck with Reagan. They are stuck with the idea that government is always the problem. A lot of Republicans up in Capitol Hill right now are calling for a spending freeze in a middle of a recession/depression. That is insane. But they are thinking the way they thought in 1982, if we can only think that way again, that is just insane.

    YouTube - GOP Spending Freeze Idea "Insane," Party Too Stuck On Reagan -David Brooks

    --------------------

    Thank you, conservative David Brooks! Nice to see all conservative aren't drinking the party Kool-Aid.
     
  5. earllogjam

    Gold Member

    Joined:
    Aug 15, 2006
    Messages:
    5,027
    Likes Received:
    21
    Bottom of the recession? How do you figure?

    Don't count your chickens until they are hatched.
     
  6. jason_els

    jason_els <img border="0" src="/images/badges/gold_member.gi

    Joined:
    Dec 16, 2004
    Messages:
    10,576
    Likes Received:
    25
    Gender:
    Male
    Location:
    Warwick, NY, USA
    Agreed. This is going to be a long and tough haul with a distinct possibility of getting worse.

    There's a school of thought in economics (Keynesians again) that theorizes that consumers make self-fullfilling prophecies of bad economic indicators. If every talking head says things are getting better then people believe it will get better and thus start spending and investing again. This statement seems to come stem from that fantasy.
     
  7. B_Nick4444

    B_Nick4444 New Member

    Joined:
    Nov 24, 2007
    Messages:
    7,002
    Likes Received:
    12
    Gender:
    Male
    Location:
    San Antonio, TX
    actually, the leading economic indicators are suggesting otherwise (i.e., are suggesting that we are bottoming out) ...

    (remember, unemployment is a lagging indicator)
     
  8. Mr Ed in Mass

    Gold Member

    Joined:
    Nov 5, 2006
    Messages:
    2,695
    Likes Received:
    576
    Gender:
    Male
    Location:
    Massachusetts,The most corrupt of the 57 states.
    I get the credit,You can send ALL gratuities to
    Mr. Ed in Mass. c/o Cigarbabe,mouth extraordinaire!
    P.O. Box 696969
    Blowme Ma. 0U812
     
  9. jodaho

    jodaho New Member

    Joined:
    Mar 14, 2009
    Messages:
    57
    Albums:
    1
    Likes Received:
    2
    Gender:
    Male
    Location:
    Differentstateofmind
    If the recession is about over (I don't think it will be over till December like some are saying) but if it is it really doesn't matter here in the U.S. who did what. They will both demo's and repub's take the credit for it. When it will actually be because we are buying items again esp higher cost items like cars and houses. Everyone is scared shitless now and are not spending much. And the unemployment fiasco will have to improve more before we are in the clear.
     
  10. B_VinylBoy

    B_VinylBoy New Member

    Joined:
    Nov 30, 2007
    Messages:
    10,516
    Likes Received:
    7
    Gender:
    Male
    Location:
    Boston, MA / New York, NY
    I'm not holding my breath. Me thinks we have a long way to go before the recession is truly over. Even if the Stock Market rebounds, if we still have a big problem with unemployment it's not going to mean anything.
     
  11. liberia

    liberia New Member

    Joined:
    Sep 29, 2006
    Messages:
    221
    Albums:
    2
    Likes Received:
    10
    Gender:
    Male
    Location:
    london U.K.
    No where near the bottom yet. It will take another 3 years at least. No matter how much is pumped into the economy. The real problem is that people all over the world have lost confidence in banks, bankers and politicians. Money is nothing but a token of trust and confidence in the issuer of the money.
     
  12. houtx48

    Gold Member

    Joined:
    Sep 13, 2006
    Messages:
    7,095
    Likes Received:
    35
    Gender:
    Male
    Bush? He did some things but he is long gone................ the only long thing he did was jeff gannon.
     
  13. B_Nick8

    B_Nick8 New Member

    Joined:
    Jun 29, 2007
    Messages:
    11,912
    Likes Received:
    44
    Gender:
    Male
    Location:
    New York City, by way of Marblehead, Boston and Ge
    Spending freeze. Capital idea. Just brilliant. :rolleyes:
     
  14. Wyldgusechaz

    Wyldgusechaz New Member

    Joined:
    Dec 14, 2006
    Messages:
    1,259
    Likes Received:
    0
    Gender:
    Male
    I get a hoot out of how my OP was tagged

    neocon extremism idiot, rant

    Like have always said, LPSG is the most joyless place on earth and is infested with the *fun police*. You libs have it all lined up now with Reid and Pelosi and Obama and you still aren't happy. Wow.

    I am a middle aged neocon and I have way more fun here than you guys do. :)
     
  15. lucky8

    Gold Member

    Joined:
    Oct 30, 2006
    Messages:
    3,716
    Likes Received:
    17
    Gender:
    Male
    I don't think we are at the bottom of the recession yet...the stock market may have found its bottom, but it's usually ahead of the economy by 6 months or so. Honestly I don't see how we're going to come out of this recession anytime soon unless wages rise. Prices have fucking skyrocketed over the last 6-8 months...it's ridiculous. When I first started college 5 years ago, 20 bucks would buy me enough food to last 4 or 5 days...now $20 buys me MAYBE 3 things max at the grocery store...it's insane. Sadly, a full recovery is years away
     
  16. B_VinylBoy

    B_VinylBoy New Member

    Joined:
    Nov 30, 2007
    Messages:
    10,516
    Likes Received:
    7
    Gender:
    Male
    Location:
    Boston, MA / New York, NY
    And somehow you find posting countless threads of politically rhetorical drivel and excessively patriotic rants on a penis site "fun"? Perhaps you should invest in a Nintendo Wii?
     
  17. Wyldgusechaz

    Wyldgusechaz New Member

    Joined:
    Dec 14, 2006
    Messages:
    1,259
    Likes Received:
    0
    Gender:
    Male

    What is excessively patriotic? Is that like being really really double secretly pregnant?

    And I think the forum is politics is it not? I guess I can go over to the women's site where 99% of the posts are "rate my dick"

    I do like those Wii's tho. A really really cool toy. Wonder why a socialist European did not invent it? Hmmmmm?
     
  18. B_starinvestor

    B_starinvestor New Member

    Joined:
    Mar 1, 2006
    Messages:
    4,409
    Likes Received:
    0
    Gender:
    Male
    Location:
    Midwest
    I agree with the OP.

    There are a number of signals which indicate that economic activity is ticking up.

    Jobless claims have leveled out, home purchases are moving up, new mortgage applications are increasing, etc.

    It will take a while, and it will be a very, very slow recovery with very trying times ahead; but the worst is behind us.

    I don't think anybody should get credit for the recovery.

    Just people that are spending and investing.
     
  19. midlifebear

    Gold Member

    Joined:
    Dec 21, 2007
    Messages:
    5,908
    Likes Received:
    11
    Gender:
    Male
    Location:
    Nevada, Buenos Aires, and Barçelona
    Just the thread topic gives me the giggles: "We may have seen the bottom of the recession . . ." Such unbridled optimism leads me to believe we'll soon see the thread topic: "Wyldegusechaz See's Face of Baby Jesus on Stale Tortilla, Thousands Swarm His Front Lawn With Lit Tapers!" LMAO!!
     
  20. houtx48

    Gold Member

    Joined:
    Sep 13, 2006
    Messages:
    7,095
    Likes Received:
    35
    Gender:
    Male
    the only bottom in this recession is zippy w.
     
Draft saved Draft deleted