These might assist you in taking a guess: 
Posted on 09/20/2009 6:53:19 AM PDT by Brilliant
President Barack Obama isn't ready to close the book on the recession.
Only last week Federal Reserve Chairman Ben Bernanke said the worst recession since the 1930s was probably over.
But Obama tells CNN's "State of the Union" that he's going to leave it up to the Fed chairman to say whether it's officially over or not.
Obama says all the signs are that the economy is going to start growing again. But he says jobs are a challenge.
The president says job figures usually are the last to catch up in a recovery and he says that making up for all those jobs that have been lost will require really high growth rates.
He's warning that the jobs picture could get even a bit worse ... and that there might not be enough job creation until next year to deal with the rising population.
(Excerpt) Read more at finance.yahoo.com ...
Sure would be nice if Nixon, Ford, Reagan, Bush, and W could have just announced "the recession is over," and that's the end of it.
Well at least he's leaving it up to his appointee, Bernanke, to announce instead of him. Big of him.
This RULER thinks he can mandate and declare “his reality”.
Without Bush to blame he has nothing.
Gotta keep that crisis mentality alive and well!
Obama code speak for ‘gotta get my peeps their card check’!...or if you think the unemployment rate is bad now, wait ‘til my union buddies wipe out the rest of the economy!...or Bush had his recession, I want my recession...
Until job growth resumes (hopefully by next year), it is not possible to determine with any certainty whether our current recession is continuing, abating, or double dipping.
“Without Bush to blame he has nothing.”
Actually, that is the reason he does not want to declare an end to the recession. Not only does it give him an opportunity to rant about Bush, but if he declares it over too soon, he gets the blame for what comes next.
The truth is that while the NBER is supposedly nonpartisan, the NBER has not exactly been even handed in declaring the beginning and end of recessions. They refused to declare an end of the 1991 recession until after the election because they did not want to help Bush in the race against Clinton. They announced that the current recession began in Dec. 2007 even though the economy grew by more than 3% between Dec. 2007 and August, 2008. They will probably announce the end of this recession the minute it’s clear that the economy has turned the corner, rather than at the time it reaches its pre-recession level, as they have typically done when Republicans were in control.
What? I thought he told us it was over more than a month ago.
Oh , it’s over, all over the world!
“Canute is famous for the tale of the incoming tide.
“According to legend, Canute’s courtiers flattered him into believing that his word was so powerful that even the tide would recede at his command.
“Canute is said to have taken this compliment literally and had his throne placed by the shore and vainly attempted to command the waves to recede until he almost drowned.
“The event is commemorated by a plaque at Bosham.”
thought he declared it over last week
Well, that story is told a few different ways. I believe some people tell it in a way that is complimentary to Canute, showing that the King understood that there were limits to his power, and put his throne by the shore to demonstrate to others that he was not all powerful, and that the waves would pay no attention to his orders.
“This RULER thinks he can mandate and declare “his reality””
Psychonurotic, megalomaniacal communist. Yeah boy, we are in great shape ;-)
Would any FReeper franchise owners hire this guy as a clerk?
Sure he is not going to claim it’s over. Once he does he can’t blame Bush for the upcoming double dip.
These might assist you in taking a guess:
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.