Worst recession since 1930s appears to be over

AP ^

[MinorityRepublican]

WASHINGTON - A new government survey finds the vast majority of the country reporting economic activity is stabilizing or improving, as the worst recession since the 1930s appears to be over.

The Federal Reserve's snapshot of economic conditions backs predictions by Fed Chairman Ben Bernanke and most other analysts that the economy has started to grow again in the current quarter.

In the new survey, all but one of the Fed's 12 regions indicated that economic activity was "stable," showed "signs of stabilization" or had "firmed."

The one exception was the St. Louis region, which continued to report that the pace of decline in economic activity appeared to be "moderating."

[Flavius]

as soon as those 16% unemployed run out of the system

there will be 0% unemployment as well

good times

[MinorityRepublican]

US Federal Reserve Bank Chairman Ben Bernanke, left, and US Treasury Secretary Tim Geithner attend the first meeting of the day of the G20 Finance Ministers Meeting held at the Treasury in central London, Saturday Sept. 5, 2009. British Prime Minister Gordon Brown will urge G20 finance ministers meeting in London not to be too hasty to end the emergency measures that saw huge amounts of money pumped into economies after the credit crunch, as they seek a way out of the crisis. (AP Photo/Geoff Caddick, Pool)

[Jeff Chandler]

Thank goodness. Not a minute too soon.

[Rebelbase]

Huh. Must be another reason for all the commercial vacancies and lack of new construction in my town.

[FlingWingFlyer]

Worst recession since 1930s appears to be over

LOL!! Tell that to the millions of Americans who are out of work. The boys and girls down at the AP need to try to get out of the office more.

[Don Corleone]

A new government survey

Stop reading right there...Winston Smith editor.

[Cicero]

Good grief. They must be thinking about some other planet.

[secret garden]

Delusions don’t change the facts. When was the last time unemployment was this high?

[cardinal4]

Hmmm. Right after the speech, too..

[traditional1]

"A new government survey"

You can stop reading right there; the published "facts" are whatever they want to sling at you to try to get you to believe them.

[NonValueAdded]

Bravo Sierra. Then again, let them claim it is over. That would be “the Bush Recession.” Once Congress passes the carp that’s in the pipeline it will be the Obama Recession and make the “Bush” one look like a picnic.

[NewJerseyJoe]

>Worst recession since 1930s appears to be over

...soon to be followed by the worst Depression since the 1930s.

[BGHater]

LOL.

Depression Debate - Is this a Depression?

[traditional1]

WOW...I didn't read your post 'til I sent mine, and the words are almost verbatim!

Great minds....LOL

[sionnsar]

Other such reports preceded the speech.

[skimbell]

"...The boys and girls down at the AP need to try to get out of the office more..."

No time for that. It's a 24/7 proposition covering 0's sorry azz.

[Tarpon]

Yep, stabilizing at 500000 new applicants for unemployment per week.

Yipeee!!!

WOW AP sure has it bad.

[sionnsar]

Huh. Must be another reason for all the commercial vacancies and lack of new construction in my town.

I see a lot of commercial vacancies still, though there are some new businesses (retail&restaurant) opening and enough new construction this town won't be recognizable in a very few years.

[sport]

Bullshit! It hasn’t even got started good.

Also, if it is over why is Tampa Electric laying off 165 additional workers along twith the ones that they paid to retire?