Mental recession - schmental recession.....it still feels like a recession to me. Food and gas prices have never been higher & my income isn’t keeping up.
Just do what Gramm and his buddies do...dip into the ol’ Trust Fund. Problem solved.
Let me play Freeper with head in sand.
NO Noo No the economy is good it grew at a .000000000000000000000000006%. If you take out food and gas prices inflation is not a problem.
Phil Gramm is Right!
Despite what the MSM say, this country is NOT IN RECESSION!
Recession is defined as zero or negative economic growth. We have neither; our economy simply isn’t growing as FAST as it has at other times, but we still have positive growth!
Yes, gas prices are terrible, and they can eventually cause a stoppage of growth and even shut down many industries, if they don’t find ways to adapt. However, I’m surprised how resilient our economy has been despite the crisis, and unemployment is still in the “structural unemployment” percentage range. (For those who don’t remember their macroeconomics: structural unemployment is the normal percent of unemployment consisting of new workers just entering the workforce, people changing jobs, those out of work due to injury, etc.)