
A panel of the National Bureau of Economic Research said Monday that the U.S. economy fell into a recession last year.
Amazing news! And here I thought that everything was peachy.
If you think we are in a recession, think again. It is called Depression.
While the government should have made this announcement months ago so that Americans could have made adjustments to their lifestyle, I think that the government held off because those in power did not want to alarm anyone. I also think that the government did not want to announce that we were in a recession with an upcoming election. It would have made the party in power look weak.....which it was! Now it will be much harder to pull out of the recession. I worry for the families that were barely making ends meet before!
Or it's because a recession has clearly defined principles.
Recession and soon depression. Buy bulk food and water. Without the ability to borrow farmers cannot plant. No crops no food.
No more Corporate Bailouts! End the Federal Reserve and go back to real money (ie precious metal)
End all military conflict until we get back to no debt.
stop the spend and borrow practices.
oh and have a great day.
Buy bulk food and water.
Living in rural communities has its advantages. Like, say, a well...
And room to garden / hunt / fish.
If you think we are in a recession, think again. It is called Depression.
Just what the media wanted to create, a new "crisis". Stories on Iraq, Iran ,etc. were getting boring and the lection is over. Now the mesia can print and spin every event that is negative to keep the crisis going. Also, the day traders are making a killing of off market volatility (which they create). Bewtween the media and the day traders they are doing to the stock market what the speculators and media did to the price of a barrell of oil months ago. It is all smoke and mirrors to make some people very, very wealthy.
So far the only intelligent comment I have read here
If you think we are in a recession, think again. It is called Depression.
Must be an echo!
I hope Obama will get us out of this mess. Forget party and race lines, this is an American crisis to be dealt with.
Alright...Already
He will get us out of this just like
Roosevelt got us out of the great depression...NOT. Unemployment stayed at 17+% from the depression intill the start of WWII. Everything just had a good spin put on it after he took office.
Bob you are a sick person you don't know him but because of the color of his skin you think he is dumb and no good god get a life grow up read a book do something beside spread your hate. You are one sick person sir.
Careful, Bob. You are going to end up on an FBI watch list, if you are not already there. They might even be headed to your door now.
We can only hope they are god what a sick person he is
he better worry about not stepping in front of supersonic moving small objects
How are you not banned, BOB-513265?
Now you are.
Wow...that was fast. Thank you, tyler.
Hey Bob, comments like that sir will get you "watched". So, wise up or stop acting like the 3rd grade was you "senior year".
Thanks, Tyler. There are several more just like him.
Alright already. Ya know, if we all were doing our jobs and being responsible there would be no crisis to get us out of.
But there are too many greedy people that caused this.
We the people are the only ones to fix this and you can start now.
Yes thank you for the censorship
Trolls, do you really want to defend someone who posts this? It's not censorship - there are rules, the user wasn't following them.
[Also, threatening a President-Elect of the United States is against federal law and the user's in the U.S.]
End of derail.
While the government should have made this announcement months ago so that Americans could have made adjustments to their lifestyle, I think that the government held off because those in power did not want to alarm anyone. I also think that the government did not want to announce that we were in a recession with an upcoming election. It would have made the party in power look weak.....which it was! Now it will be much harder to pull out of the recession. I worry for the families that were barely making ends meet before!
"the government should have made this announcement months ago so that Americans could have made adjustments to their lifestyle,"
What?? Why does the government have to tell us to prepare for hard times? Have we no common sense on our own? I for one am tired of the government telling me what to do and when to do it. Think for yourselves for a change. My home and land is paid for, no mortgage, my car and truck is paid for, I make my own power, etc. I also have money in the bank. Not as much as a lot of people but enough to get me through tough times. Imagine that, I did all this without the government warning me that there would eventually be a downturn in the economy. Amazing!!
If we raise taxes it will be worse. More spending is a bet that the possible inflation will be better than deflation if money dries up, probably true. If this goes like the numbers indicate a lot of people will be really hurt. This took a long time to happen and probably won't be fixed quickly by a government program since most programs don't do anything quickly, get ready for a rough ride if the crap really hits the fan.
I would be inclined to say "when the crap really hits the fan." My guess 3-09.
SickNTired, I really hope you are wrong. As a nation we need to get together and quit the partisan banter, it is so useless. I don't give a damn who gets the credit or blame this is a time when real leaders need to step up and do the right thing, I sadly have little confidence in the caliber of our elected officals and dont see any indication they have the will make the really tough decisions and look at the future outside of the next election. On that score I hope I am wrong. Time will tell.
Mr. Toadvine,
My comment has nothing to do with partisanship, simply a gut feeling.
No recession in the Bush /Cheney housholds thou , they along with their buddies, are pocketing billions of dollars all the way from Blackwater , Kbr , Haliburton , etc, etc , ect....merry Christmas.
Blame it on bush. Funny thing though the majority (Dem) who have sat in congress spending money freely are off scott free with no blame. amazing that it falls on one man instead of the many liberals who have had majority for years now. wake up people smell what the democrats are cooking its only going to get worse comrads
If Americans don't get their greedy little heads out of their asses... and stop rushing the doors at Walmart and stores that share their business practices (except walmart does do a little bit of charity work with the money that doesn't go to china) ... then we will be in something worse than even a depression here. Our economy is now spiraling downward. If it gets past the bottom, then we become a 3rd world nation.
Did they have the word "RECESSION" in 1929?
Well, duh!!! I think the majority of us had already figured out the economy was in trouble -- and most of us are not rocket scientists. It angers me that the Bush Administration has been asleep at the wheel then demanded that we hurry up and pass a bailout package for Wall Street. Bah, humbug! It's high time for us to invest, instead, in our infrastructure.
While Bush called for the bailout you can blame the Democrats for it. They controlled both houses of congress and didn't have the guts to stand up and say no. All they were interested in was getting re-elected so they could raise taxes and make people more dependent on government handouts.
DUH!!!!!
Recession, yeah duh!
Double DUH!
We've been in a recession for more than 8 months. What took Congress so long to figure that one out?
In that case Triple DUH!
The same Congress that did not have a clue with the housing market and wall street and the financial institutions throwing away millions and the CEO's taking millions.
USELESS Congress and oh where has Barney Frank been all this time??????
It doesn't take a rocket scientist to figure this one out, my wallet told me.
Where have these "so, called"experts been all this time? This country has been in a recession for quite sometime and it's not going to get any better. We are in a recession because of greedy Americans who ONLY care about themselves and no one else. Americans are probably the greediest people on earth. They aren't only greedy, they are lazy and disrespectful also. This country is going to hell, and nobody knows what to do. Barack Obama is going to have his hands full when he takes office. First he has to fix all of George Bush's mistakes. Bush really screwed up this country with all his lies. I don't understand, why this country let him get away with it. And look at where we are today, going right down the toilet. And look at who Bush pardoned before he leaves his office, cocaine dealers. What about the border patrol guys who were doing their job, and then put in prison> What a bunch of crap this country is full of. It makes me sick to see this great nation going down the toilet, because no one seems to care what other people do. Our government needs to be over-hauled and get rid of some of them. There is too much corruption in this country. Senators taking so called gifts from oil companies and then staying in office. Something needs to be done soon or we can all kiss our asses good-bye.
It took them a year to figure that out? LOL And these guys get paid how much to do this?
Where have these "so, called"experts been all this time? This country has been in a recession for quite sometime and it's not going to get any better. We are in a recession because of greedy Americans who ONLY care about themselves and no one else. Americans are probably the greediest people on earth. They aren't only greedy, they are lazy and disrespectful also. This country is going to hell, and nobody knows what to do. Barack Obama is going to have his hands full when he takes office. First he has to fix all of George Bush's mistakes. Bush really screwed up this country with all his lies. I don't understand, why this country let him get away with it. And look at where we are today, going right down the toilet. And look at who Bush pardoned before he leaves his office, cocaine dealers. What about the border patrol guys who were doing their job, and then put in prison> What a bunch of crap this country is full of. It makes me sick to see this great nation going down the toilet, because no one seems to care what other people do. Our government needs to be over-hauled and get rid of some of them. There is too much corruption in this country. Senators taking so called gifts from oil companies and then staying in office. Something needs to be done soon or we can all kiss our asses good-bye.
4everamerica: Yes and it is up to us to make those changes. We have to speak out to our Congress and State Reps, etc. If we would make our issues known, our government is "for the people" and must listen and act on our requests. We have to stop being lazy (me included) and take the time to write letters, make phone calls, to our state reps, federal reps, and they will act.
I wonder what they will be admitting to a year from now about where we are now?
This article was probably outsourced to someone in India. Better get used to it.
Just read about the outsourcing of newspaper articles to be written in India bypeople who haven't a clue about America. Ok maybe a clue but no real knowledge of the country and or what they are writing about.
Outsourcing at it's finest. God forbid we have a free press in America any longer.
We must be fed only rosy pictures which will make it all better. We can all stick our heads in the sand and know that it is all "in our attitudes".
I decided to change my party status last week. My town allows one to first, officially cancel one's membership in that party. Second, you declare your new preference and sign their paperwork. Well, for a few moments between cancellation and joining a new party one is in limbo and without any party declaration.
I took advantage of that moment by walking out (officially, of course) without my new and written declaration. The clerks were dumbfounded, but could do nothing. I wished them a good day. I am now officially a "listener and watcher", by my own design. Their loophole was as big as a tunnel and I got a boot out of taking full advantage.
Party status? Where on earth do you live? In my neighborhood we vote in the primary that we choose at the time we vote. If we want to change 'parties' we simply changke lines. In the general elections it doesn't matter which party you think you belong to. There is only one line. You must live on Mars or maybe Russia or Cuba?
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