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Question: Are we in a Recession? :: Total Votes:66
Poll choices Votes Statistics
Yes 38  [57.58%]
No 21  [31.82%]
maybe 4  [6.06%]
i don't know 3  [4.55%]
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Topic: Are we in a Recession?, Your opinion, please?< Next Oldest | Next Newest >
 Post Number: 51
jimhanson Search for posts by this member.

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PostIcon Posted on: Oct. 30 2007,2:58 pm  Skip to the next post in this topic. Ignore posts   QUOTE
Look at the figures, the downturn started in March, 2000--the election wasn't until November, and he wasn't in office until January 21st.

Remember the definition of recession--2 (some people say 3) consecutive quarters of decline in GDP.

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 Post Number: 52
Ned Kelly Search for posts by this member.

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PostIcon Posted on: Oct. 31 2007,5:26 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Recession is when the average american's paycheck stays the same and everything he must buy goes up. In the eyes of the neocons this is a good thing!..........  :frusty: .....ned
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 Post Number: 53
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PostIcon Posted on: Oct. 31 2007,5:38 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
That's inflation Einstein.

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 Post Number: 54
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PostIcon Posted on: Oct. 31 2007,8:49 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(Liberal @ Oct. 30 2007,1:30 pm)
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The Donks are still smarting after the Clinton recession in 2000

It was the shrub's recession, not Clinton's

Uh...no.  You are incorrect on that.
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 Post Number: 55
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PostIcon Posted on: Oct. 31 2007,9:51 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Economy grows by 3.9% this summer.

hmmmm......... ???
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 Post Number: 56
jimhanson Search for posts by this member.

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PostIcon Posted on: Oct. 31 2007,12:02 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
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Recession is when the average american's paycheck stays the same and everything he must buy goes up. In the eyes of the neocons this is a good thing!..........
That's so wrong for so MANY reasons.

First, as TTT pointed out, that's recession.

Do you have any source for your definition, or did you make that up yourself?

Do you have any proof that "neocons" think this is a good thing, or did you read that over at Daily Kos?

WHY would "neocons" WANT prices to go up, and paychecks remain the same? :dunno:   Conservatives by definition believe in the power of the marketplace--and the more money people have to spend, the better for the economy--the more money business makes, the more they invest, the more people are employed, and with a shortage of labor, wages go up.  EVERY tax cut in the history of the country has proven this--the economy expanded.  

On the flip side, every attempt at socialist wage and price controls has been a failure.

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 Post Number: 57
hymiebravo Search for posts by this member.

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PostIcon Posted on: Oct. 31 2007,12:18 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
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WHY would "neocons" WANT prices to go up, and paychecks remain the same?    Conservatives by definition believe in the power of the marketplace


Yes the markets. You mean like the oiL markets, commodities markets, utility monopolies those sorts of things.

People HAVE to buy that stuff. One way or the other. Wether their pay check stays the same or not. You have to have food an electricity.

So yes the price of that can go up and they (those with interests in those markets) wouldn't be effected by wether peoples paychecks went up or went down.

Helk thats really the beauty of it from a business standpoint in it ? lol
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 Post Number: 58
Expatriate Search for posts by this member.

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PostIcon Posted on: Oct. 31 2007,12:58 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(jimhanson @ Oct. 31 2007,12:02 pm)
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the power of the marketplace--and the more money people have to spend, the better for the economy--the more money business makes, the more they invest, the more people are employed, and with a shortage of labor, wages go up.  

What you've basically describe here is Demand-side economics unfortunately what the current Administration is practicing is Supply-sider theory..
Tax cuts for the affluent, and other "voodoo economic." Supply-sider policies such as Corporate giveaways to stimulate investment make no economic sense if the consumer is bankrupt..The tax cut should have been a payroll tax cut putting the money in the hands of the consumers..
                                      "it's the economy stupid."

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 Post Number: 59
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PostIcon Posted on: Oct. 31 2007,1:52 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(hymiebravo @ Oct. 31 2007,12:18 pm)
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Yes the markets. You mean like the oiL markets, commodities markets, utility monopolies those sorts of things.

People HAVE to buy that stuff. One way or the other. Wether their pay check stays the same or not. You have to have food an electricity.

gong

You do not have to buy oil or utitlities....that is a personal choice.  Convenient, yes.  Necessary, no. The small amish community south of Gordonsville is proof of that.
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 Post Number: 60
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PostIcon Posted on: Oct. 31 2007,1:57 pm Skip to the previous post in this topic.  Ignore posts   QUOTE

(Expatriate @ Oct. 31 2007,12:58 pm)
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Tax cuts for the affluent, and other "voodoo economic." Supply-sider policies such as Corporate giveaways to stimulate investment make no economic sense if the consumer is bankrupt..The tax cut should have been a payroll tax cut putting the money in the hands of the consumers..
                                   

Correct me if I'm wrong...but wasn't every tax bracket lowered?

Either way...the tax cuts SHOULD go to those that pay the most.  In fact the income tax should be a flat tax where no one is discriminated against or penalized for being finanically successful.
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