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To: Darren McCarty
There is a technical definition of the word “recession” and the current economy does not meet that definition, two consecutive quarters of negative GDP growth. Higher prices for food and lower prices for housing do not constitute a recession. Personal financial difficulties, or seeing friends in dire straits is sad but not indicative of a nation in recession, a nation of over 300 million in the largest economy of the planet by double. The poorly educated journalists have been repeating the word recession so often you seem to have bought in. Note that even professional economists in large numbers have predicted recession by now, yet meager growth continues. Anyone who says that the U.S. is in recession should be taken to the woodshed. Phil Gramm was right.
86 posted on 07/10/2008 7:44:22 PM PDT by sefarkas (Why vote Democrat Lite?)
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To: sefarkas
I didn't buy into what the journalist said. I live it every single day. Even by the technical definition of recession, my state has been in one for seven years. The political definition of recession is a bad economy period. That's what the people call a recession. That's the one that matters in November.

It's not the journalists that "duped" the people. You can call the economic conditions whatever you want, but the people are all experiencing their own personal recession right now. You can deny it. You can use technicalities. You can browbeat them. However, these people are going to vote their pocketbooks. I've already made my decision. I'll be voting for McCain kicking and screaming because of the Supreme Court, but I'm not the person we need to convince.

92 posted on 07/10/2008 8:22:30 PM PDT by Darren McCarty (Just when I thought I was out, they pull me back in - Michael Corleone)
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