[pepsionice]

The issue here is that everyone loses in a recession....doesn’t matter what political persuasion you are....you lose.

The truth of the 2008 recession “ending”. For economists, they will all say that there was an end about fifteen months into this. But this really wasn’t a regular-type recession. The housing market is a billion-ton anchor on the economy and has never rebounded in any fashion. Various areas of the US are stuck in unemployment...and not recovering. So whatever concept we had of past recessions...does not apply to the current situation. I’d even start to call it an “Obamcession” because it is a very unique circumstance.

[Neidermeyer]

I’d even start to call it an “Obamcession” because it is a very unique circumstance.
*******************************************
Not unique at all ,, this is just Japan part #2 , it’s the zombie banks , it’s the gov’t spending , it’s failure to act on reality ... the time to let the corrupt banks fail was in 2008 , we should have had 10 Lehmans...

[EBH]

Various areas of the US are stuck in unemployment...and not recovering. So whatever concept we had of past recessions...does not apply to the current situation. I’d even start to call it an “Obamcession” because it is a very unique circumstance.

Actually it is not a unique circumstance. A very astute FReeper posted this, this morning The Economic Collapse of Argentina . There are indeed a great many similarities. Video #2 and #3 are telling.

[Huck]

But this really wasn’t a regular-type recession.

That's because it's not a recession. It's a depression:

In economics, a depression is a sustained, long-term downturn in economic activity in one or more economies. It is a more severe downturn than a recession, which is seen by some economists as part of the modern business cycle.

Considered, by some economists, a rare and extreme form of recession, a depression is characterized by its length, by abnormally large increases in unemployment, falls in the availability of credit— often due to some kind of banking or financial crisis, shrinking output—as buyers dry up and suppliers cut back on production, and investment, large number of bankruptcies—including sovereign debt defaults, significantly reduced amounts of trade and commerce—especially international, as well as highly volatile relative currency value fluctuations—most often due to devaluations. Price deflation, financial crises and bank failures are also common elements of a depression that are not normally a part of a recession.

Wikipedia

[LibLieSlayer]

It is not unusual... it is a depression... backed by a phony government and its lies and infusion of inflated government spending and cooked unemployment numbers... and those of us in small business know it... and have known it... and soon you will know it too. It will be decades before this is all cleaned up... most of us will never live to see America out of debt... not in our lifetimes.

LLS