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To: sefarkas
I didn't buy into what the journalist said. I live it every single day. Even by the technical definition of recession, my state has been in one for seven years. The political definition of recession is a bad economy period. That's what the people call a recession. That's the one that matters in November.

It's not the journalists that "duped" the people. You can call the economic conditions whatever you want, but the people are all experiencing their own personal recession right now. You can deny it. You can use technicalities. You can browbeat them. However, these people are going to vote their pocketbooks. I've already made my decision. I'll be voting for McCain kicking and screaming because of the Supreme Court, but I'm not the person we need to convince.

92 posted on 07/10/2008 8:22:30 PM PDT by Darren McCarty (Just when I thought I was out, they pull me back in - Michael Corleone)
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To: Darren McCarty; sefarkas
I live it every single day. Even by the technical definition of recession, my state has been in one for seven years. The political definition of recession is a bad economy period.

Folks, the technical and correct definition of a recession is two or more quarters of negative change in GDP. From the current official figures, there is no recession at the national level, though I have my suspicions that the official figures are doctored. However, Darren, I'll agree with you, per an earlier post of mine: at a a regional and state level, Michigan appears to be in a localized recession. There may be other states like this (Ohio comes to mind, too). Where I live (Virginia) the economy is still chugging along, so we're not in any sort of recession.

100 posted on 07/11/2008 6:54:29 AM PDT by rabscuttle385 (Off balance sheet liabilities...they're not just for Enron anymore!)
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