Posted on 07/11/2008 10:01:35 PM PDT by Kleebo151
Gramm was right about the recession and stood by his recession comments on Thursday. A recession is two consecutive quarters in which the economy shrinks, and last quarter it grew. But no matter. Voters feel they are in a recession, and so they are, at least according to Campaign Econ.
(Excerpt) Read more at washingtonpost.com ...
You cannot speak the truth and be in politics. You have to suck up to the media and everyone who complains about every little thing. Can’t offend anybody donchano. We need some people like Sheriff Joe from Arizona, but he would get skewered by the MSM.
A lot of FEELING going on here!
Where's the intrepid TV journalist doing man-on-the-street, asking these hordes: Don't you know there's a recession going on??? What are you doing here?
(Note: we ended up going to a favorite, hole-in-the-wall Japanese restaurant in a ho-hum strip mall, and IT was packed, though the wait was 15 minutes. I was glad to see all the restaurants packed.)
The news media is in a recession. All their friends and colleagues are facing layoffs, therefore everyone is facing layoffs.
Never mind the factories running on July 4. It was strange passing full employee parking lots during a parade, but the overtime must be nice. Gotta get those draglines and shovels into the tar sands.
TAMU C/O '88
Howdy!
From Wikipedia,
Gramm often noted in his political campaigns that he had repeated three grades in school but had overcome his academic deficiencies by hard work. In 1967, Gramm received a Ph.D. in economics from the University of Georgia. While at UGA, he was a member of the Phi Kappa Literary Society. After earning his Ph.D., Gramm taught economics for 12 years at Texas A&M University (1967–1978). In addition to teaching, Gramm served as a partner in the economic consulting firm Gramm & Associates (1971–1978).
What we have here is a Mediacession that’s when the media lie to the people for a number of years about a particular subject until the people submit by believing their crap. When their we are losing the Iraq war effort began to crumble they switched tactics and started the Bush Mediacession lie. Phil Gramm is correct in all he said. The mainstream media are now working a new angle to turn all returning service members against President Bush and their country by over hyping PTSD and combat related injuries.
Gee, I remember 3 months ago some women “economist” on CNN saying that we were in a recession, and 2 consecutive quarters of negative GDP growth was not the definition for recession. There hasn’t been one quarter on negative growth let alone 2 consecutive quarters. She must have went to the Bill Clinton Sckooool to learn what the meaning of ‘IS’.
Fighting Farmer football cannot start soon enough... I'm looking forward to the Shermanator regime taking off soon (I expect a national championship in 4-5 years).
I see the same thing all the time wherever I travel.
People are a bunch of whiners. If you lose your job, get another. If you lose your house, you probably shouldn’t have been able to get financing in the first place.
People think things are owed to them like health care, etc. This has become a country of people without bootstraps. I suspect that this feeling has been ingrained in people’s heads because they see what the illegals get for free.
“The news media is in a recession”
I think you have found the culprit!!
I suspect that this feeling has been ingrained in people’s heads because they see what the illegals and senators get for free.
“A recession is two consecutive quarters in which the economy shrinks”
This ‘definition’ isn’t accurate. Amity Shlaes is allegedly a business reporter and therefore should be able to locate the NBER website where their definition of recession is posted.
We DID have someone like Joe, and his name is either Duncan Hunter SR., Tom Tancredo, or Fred Thompson! Unfortunately, none of them made it, and now the GOP is truly stuck with “pro-amnesty for illegal immigrants and pro-open borders despite saying that he gets it now” John McCain.
About 10 years ago Phil Gramm made some comment that convinced me he had no clue about what life is like for the average American. I don’t recall the particulars right this minute, but it was something similar to this latest gaffe.
After looking long and hard at the term “recession”...it just doesn’t work...but then we aren’t in a fantastic period or enjoying our hard-earned paycheck.
There is something wrong here....and its not a recession. The conditions we have today...simply won’t fill the squares for a recession.
I believe...because of the dollar lack of strength, the oil mess, the various banking issues that the majority of us had nothing to do with, and the declining slump in the travel industry (United and the guys aren’t kidding about laying off a significant number of pilots)....that we’ve got a new situation that we’ve never experienced before.
It is curious that we are fighting a “war”...but then on the homefront...it really isn’t something that represents a war. We have fantastic conditions that we didn’t have in 1943/1944. We have people walking around and acting like nothing is going on. We are spending tremendous amounts of money daily to run this operation.
I think on another forum of sorts...we might want to examine the bigger picture here and define a new term to fit our current situation. Economically...there are several very negative and potentially disastrous trends going on (a housing slump for several years is possible if folks can’t secure loans like they used to). A travel slump will occur with hotels, casinos, and vacation spots going through a severe economic time.
There has to be a term that fits this current picture. Its not a recession...but we have to refer to in some fashion.
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