We were told that the Recession is over!!!!!!

Despite a key economics panel declaring that the recession ended in June 2009, congressional candidates and lawmakers insist it is still ongoing and that the nation is stuck in the 'middle' of it.

http://www.foxnews.com/politics/2010/10/03/recession-congressional-candidates-despite-panel-ruling/

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Even Democratic Candidates are saying different than the report!!

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You can make your stupid comments LJ, since I don't have to read them any more!!!!!!!!!!! :bash :bash :Koolaid: Drinkers of America Unite!!!!!!!!! :rofl

You may want to watch out. Someone on here may state it is a Republican cover-up in an attempt to mis-lead the country.

Or a Tea Party cover-up!!!!!!!

Just remember that the R's denied a recession on technical #s also in early 2008, just more politics as usual.

They were still denying it a year after it was declared one...(And Obama STILL hadn't taken the oath of office yet...)

:Snooze

A recession is judged by economic definitions, but it is funny how many economic results are restated only months later.

It's not "funny"...It's necessary because you can really see if the end of something has happened (or if you've merely plateaued for a month) until you can look back on it and see an actual trend. It has always been so.

There needs to be a consideration of government spending when determining whether a recession is over. The government can spend a lot of money to make the indicators show growth, but when the spending winds down and growth stops - is it double dip recession or just the same recession less the government spending to indicate otherwise.

daisypusher wrote: There needs to be a consideration of government spending when determining whether a recession is over. The government can spend a lot of money to make the indicators show growth, but when the spending winds down and growth stops - is it double dip recession or just the same recession less the government spending to indicate otherwise.

Good point. Goverment spending is considered part of GDP and if you spend twice as much as you take in, it will show increased growth.

Wow... You guys should send that to the economists who make the evaluations... I'm sure they will give it the consideration it deserves and adjust their calculations accordingly!

(Just like the folks at the WSJ and their numbers on "job creation"!)

Who knew?!?