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Obama: 'little doubt' country in recession
AP ^ | July 13, 2008 | GLEN JOHNSON Associated Press Writer

Posted on 07/13/2008 7:26:20 AM PDT by Kleebo151

Democratic nominee Obama says there is little doubt the US has moved into recession, underlining the need for a second stimulus package. Barack Obama told reporters on Saturday, "I have little doubt that we've moved into recession at this point, and the sooner we can get money into people's pockets, the sooner that we can stabilize the housing market."

(Excerpt) Read more at origin.mercurynews.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: 2008; asifhehasaclue; barackobama; economy; propagandawingofdnc; recession
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Of course, at no point does the writer give readers the definition of "recession."

Let's see if those "fact-checking" websites which claim to be fair and independent correct Obama on his false claim.

1 posted on 07/13/2008 7:26:21 AM PDT by Kleebo151
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To: Kleebo151

Well, if Obe is elected, it’ll turn out to be true for sure. What a visionary. That’s not exactly the kind of change we need (economic expansion to contraction). Optimism —> Malaise.


2 posted on 07/13/2008 7:28:58 AM PDT by Paladin2 (Huma for co-president! (it ain't over 'til it's over))
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To: Kleebo151

If Saint Obama says we’re in a recession, anybody who argues using facts must be racist.


3 posted on 07/13/2008 7:30:10 AM PDT by GnuHere
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Comment #4 Removed by Moderator

To: Kleebo151
There is an Exact definition of the term "recession" and this proves that Obama has no idea what it is.

The official definition of recession is when GDP growth is negative for two consecutive quarters or more.

5 posted on 07/13/2008 7:31:33 AM PDT by capt. norm (Never underestimate the power of very stupid people in large groups.)
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To: Kleebo151

“Balack Hussein Obeyme”

go figure..


6 posted on 07/13/2008 7:32:21 AM PDT by xcamel (Being on the wrong track means the unintended consequences express train doesnt kill you going by)
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To: Kleebo151

“Obama: ‘little doubt’ country in recession.”

EyeGuy: Little doubt your Marxist economy that will, by default, punish productive Americans and American businesses, will insure that becomes a more deeply established characteristic. Combine that with redirecting honestly earned wealth into the hands of the habitually lazy and unemployed (ahem...”typical”), and the nation may require decades to recover.


7 posted on 07/13/2008 7:32:38 AM PDT by EyeGuy
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To: Kleebo151

....maybe if people weren’t taxed so much to support “programs” like Obama and his buddies advocate, the country would be better off economically.


8 posted on 07/13/2008 7:33:10 AM PDT by STONEWALLS
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To: Paladin2
Obambi is such a dope.

While the economy may not be expanding at 2-3 percent like it has been for the last few years, it was at last report expanding at 1%. Since recession is 2 quarters of negative growth in GDP, said recession is Obama's dream not reality.

There is little doubt that Obama is an IDIOT.

9 posted on 07/13/2008 7:34:14 AM PDT by Ouderkirk (I will not vote for Obama not because he is black, but because he is RED)
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To: Kleebo151
"little doubt we've moved into recession"

There is absolute certainty we are not in a recession.

Facts aren't a function of faith. What 40 year old man doesn't know that?


10 posted on 07/13/2008 7:35:16 AM PDT by I see my hands (_8(|)
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Comment #11 Removed by Moderator

To: capt. norm

AND it hasn’t happened yet.


12 posted on 07/13/2008 7:35:44 AM PDT by RKV (He who has the guns makes the rules)
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To: Kleebo151

It would have been nice if at some point in his life, Obama had taken a basic economics course.


13 posted on 07/13/2008 7:39:04 AM PDT by Busywhiskers (Strength and Honor)
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To: Ouderkirk
There is little doubt that Obama is an IDIOT.

Maybe they should start calling him "Bam Bam".

"Er.....DUH!

Where's my teleprompter?"

14 posted on 07/13/2008 7:39:04 AM PDT by capt. norm (Never underestimate the power of very stupid people in large groups.)
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To: Kleebo151

There is NO doubt that Obama is an idiot.


15 posted on 07/13/2008 7:39:34 AM PDT by clee1 (We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
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To: capt. norm
There is an Exact definition of the term "recession" and this proves that Obama has no idea what it is.

True, and in fact by the time a recession is officially declared, it is often over.

What I would love to see is oil down $20 one day and the Dow up 400 points to make him look like the economic idiot that he is.

Failing that, I heard the comment on Fox's WSJ report that he's promising to raise taxes to the highest rates of any country in the G8. He obviously hasn't a clue as to the implications of anything he's saying. If anyone thinks economic times are tough right now...

16 posted on 07/13/2008 7:41:34 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: clee1
If he becomes President, by 2012, he will be known as Barack Hoover Obama.
17 posted on 07/13/2008 7:46:52 AM PDT by reg45
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To: Kleebo151
Obama said ..."we've moved into recession,"

Hoping for the schumer/Indymac daily double?

18 posted on 07/13/2008 7:50:23 AM PDT by tbpiper (NObama '08 - Unfit in any color)
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To: Kleebo151

Since Barry has no clue as to the definition of recession, he will define taxes as contributions, and entitlements as investments. He will also give tax cuts to those who don’t pay taxes. He is developing his own dictionary.


19 posted on 07/13/2008 7:51:15 AM PDT by SERKIT ("Blazing Saddles" explains it all.....)
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To: EyeGuy
" ... and the nation may require decades to recover ... "

Which will, of course, take a socialist government to "recover", by giving handouts to their needy enablers,(reads teat suckers) while having the mints printing more monopoly money, nonstop.


Sorta - kinda like they are doing now?



20 posted on 07/13/2008 7:52:01 AM PDT by G.Mason (Duty, Honor, Country)
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