Posted on 08/19/2010 12:23:39 PM PDT by EBH
Talking about the possibility of a "double dip" recession is always fraught with pitfalls, since nobody can define it, and since nobody is willing to say the first dip is over, and since the economy does in fact still really suck for a large percentage of the population. But throwing all of that aside, let's just state the obvious: for most people, the measure of the economy that they care about is jobs (and specifically, whether they have one, whether their neighbors have one, and whether they fear losing theirs). And it seems now, in light of the ongoing weakness in the initial claims data, that the job situation is getting worse again. The one issue that matters for most people is now double-dipping. If the GDP keeps growing in this scenario for several quarters more, it really doesn't matter too much.
(Excerpt) Read more at finance.yahoo.com ...
Most Americans missed the bump between the first and second dip.
Saying “Double Dip” implies that there was any recovery at all... which is fantasy.
The economy would be coming back by now if Obama hadn’t demoralized business with Obamacare, new taxes and the threat of an ever increasing burden on them to finance the destruction of the free enterprise system. The distrust has reached such intensity that we may not see any improvement until we get a new president.
I had thought things would improve earlier this year. Not only have they gotten worse IMO, but I am not sure better times are on the horizon.
I used to be an optimist on this country, now it is very hard to be one.
OR if we take back Congress and have some “balls” to start prosecutions for failing to uphold oaths of office. Yea..their little peaceful coup is over. I think things are about to get very, very messy.
Merle Hazard laughs through his tears in “Double Dippin’ “
http://www.guardian.co.uk/business/2010/aug/19/merle-hazard-double-dip-recession
Well since you can’t define this "double dip" recession and I really never saw any evidence of a recovery and we just lost another 500,000 jobs could it be that we are in a "double dip" depression rather than a recession?
Just asking for the sake of all of the Obama fans who are afraid of the answer and just won’t ask.
Great post!
Well I can be a rather sarcastic bustard. I hope I didn’t offend any Obama fans on the thread.
Most Americans know that a depression is here and it is bad.
LLS
My biggest concern today was that the administration finally admitted the economy is lost. http://www.freerepublic.com/focus/f-news/2573652/posts
I’m not sure anyone here or in the rest of America quite realizes what that admission actually means.
What is interesting, is after the admission I started hunting around and found a number of sources in which the “mask” has finally fallen away.
By Monday we will be hearing the word Depression as part of the normal lexicon of MSM.
So did the National Bureau of Economic Research (NBER), the official arbiter of when recessions begin and end. From their website:
Last Four Recessions and their Durations
12/07 - ?
3/01 - 11/01 8 months
7/90 - 3/91 8
7/81 - 11/82 16
In other words, we're still in the recession that began in December 2007.
This is what happens Hope-and-Change and Yes We Can runs into reality.
* Hope is not a strategy.
* Change is inevitable; improvement is optional.
* And, No You Can’t when socialism is your idea of fundamental transformation.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.