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Reply #14: There Was No Recession [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
ProfessorGAC Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 06:11 AM
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14. There Was No Recession
Back in 2001 they were using loose and non-classical description of what constituted a "sort of" recession.

Then, from 2003-2008 they explicitly stated that none of those things mattered and that because there weren't 2 straight quarters of negative real growth, that there was no recession under them. This despite the fact that EVERY SINGLE ONE of the indicators they used in 2001 to say Silverspoon inherited a recession(?) was far worse during the 6 Bush years than what he inherited.

By no reasonable definition, especially the classical one, was there a recession in 2001. By many reasonable definitions, we've been in one for at least 4 years. By even the most classical definition we're in one now.

There is not one shred of data to support what these idiots are saying.

Everything is worse now than it was when this mob took over the WH.
The Professor
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