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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 )

- 1032 days ago -
It could very well be that we're now in the middle of a recession within our depressionary economy.

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

Marie W. (67)
Tuesday October 2, 2012, 10:55 pm
Already in.. been there since 2008.

Nancy L. (141)
Wednesday October 3, 2012, 2:21 pm
Of course we are. Obama doesn't want you to say that but we are.

Lois Jordan (60)
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 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 (89)
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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