Posted in: zjnq.com Date: March 14th, 2010
http://news.yahoo.com/s/ap/20081201/ap_o...well anyone with an economics degree might know that the US has been going in and out of recessions since the nation began, it was only till the late 80's early 90's that the word recession was actually termed.It wasn't official until recently.
But I think most assumed it was official because of how the media spreads the gloom so fast.
"recession" is an undefined term in economics...so yes there are people that felt we were not in a recession. Ask 100 economists to define recession and you will get 100 different answersfor people that understand what the the term " economic recession" means it makes perfect sense why the announcement was not made until todayOH NO! I just bought some more GE stocks and about $1000 of Christmas gifts. Does this mean I should return them?Yes....most of the dolts that listen to Rush and Hannity are probably still denying it. Until Obama takes office, then they will speak of it without ceasing.Republicans in denialMcCain/Palin, for one. Denial is more than just a river in Egypt...Chris Dodd and Barney Frank.....
If Dems had allowed regulation of Fannie/Freddie YEARS ago we wouldn't be in this situation. Why can't dems understand that the mortgage meltdown is reponsible for the entire mess we're in?
#If you have any other info about this subject , Please add it free.# |
|
edit
