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Are We Already In A Recession?


Business  (tags: Economic Depression, Recession, Time Magazine, Sluggish Growth, Durable Goods Lows, Signs of Economic Contraction, Downturn, Depressionary Economy )

Paula
- 564 days ago - minx.cc
It could very well be that we're now in the middle of a recession within our depressionary economy.



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Comments

Joanne M. (22)
Tuesday October 2, 2012, 8:49 pm
Depressing :-(
 

Marie W. (65)
Tuesday October 2, 2012, 10:55 pm
Already in.. been there since 2008.
 

Nancy L. (139)
Wednesday October 3, 2012, 2:21 pm
Of course we are. Obama doesn't want you to say that but we are.
 

Lois Jordan (55)
Wednesday October 3, 2012, 4:07 pm
Agreed--of course we are. People forget that this really began about a week after 9/11 when the NY Stock Exchange reopened after being closed for several days....it had crashed so badly that it was about half of what it had been on 9/10/01. "Recovery" back then was in the form of invading Afghanistan, and providing mercenary Corporate contractors with "No-Bid-Cost-Plus" contracts which eventually totaled billion$. Then Dumbya gave a press conference telling Americans to "go shopping." The invasion of Iraq 2 yrs. later further "boosted the US economy." Of course neither of these wars was added to our national debt until Obama combined them and added them in--rightly so.
 

Michael Kirkby (81)
Wednesday October 3, 2012, 5:30 pm
Do you know what a recession is in political speak? It's a nice word to soften the affect of what they really mean which is the you know what has hit the fan and the don't have a clue let alone a solution; except to hand out more money in bailouts while they cut more services and give themselves a raise. It's called a DEPRESSION and we're in it and fast approaching 1929 events.
 
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