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Old January 19th, 2009, 08:57 PM   #1
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US rescission ?

We all know that all over the world their is a discussions about a rescission going hot on all the tables of the Economists and the data we get also suggest that there is a possibility of some stages of growth to be reduced. According to you how much time will the rescission rule the US?
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Old January 19th, 2009, 09:05 PM   #2
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The United States is going to be hit especially hard during this recession because a lot of the problems did originate here. The length of the recession really depends on how the governments of the world and the global markets react to the situation as it progresses.
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Old January 19th, 2009, 10:46 PM   #3
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I figure it will be tough for another two years. I'll note that it really isn't a recession yet. We are still growing (Our GDP is at least), just not as fast and some sectors have taken a big hit.

This was primarily a crisis of confidence and bad banking policy . The underlying economy is still pretty strong and is mainly just suffering from a bit of shock. Once the finance sector sorts itself out, I don't think it will be too bad.
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Old February 5th, 2017, 11:08 AM   #4
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The United States is going to be hit especially hard during this recession because a lot of the problems did originate here. The length of the recession really depends on how the governments of the world and the global markets react to the situation as it progresses.
The bottom line is that Obama failed MISERABLE during the recession. He took many times the time it took Reagan to recover from a WORSE recession.
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Old February 6th, 2017, 06:54 AM   #5
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The bottom line is that Obama failed MISERABLE during the recession. He took many times the time it took Reagan to recover from a WORSE recession.

BZZZT Wrong on all counts!

The 2008 economic collapse occurred during the Bush jr recession that was already in progress since it started in December 2007.

The Great Recession that followed required extraordinary measures to prevent a worldwide economic collapse which Obama assisted Bush jr in putting in place to stave off the immediate crisis.

It was the blind partisan obstruction by the GOP that prevented Obama from implementing additional measures that would have eased the impact of the Great Recession sooner rather than later.

To allege that Reagan recovered from an "even worse recession" is utterly bogus since it was nowhere near as severe. Furthermore Reagan had the advantages of Volcker's policies and a Dem Congress willing to spend on building up the military. Compare that to Obama being stymied by the GOP whenever possible after a collapse caused by decades of Republican fiscal malfeasance and the facts speak for themselves.
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Old February 6th, 2017, 06:56 AM   #6
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Originally Posted by Derideo Te View Post
BZZZT Wrong on all counts!

The 2008 economic collapse occurred during the Bush jr recession that was already in progress since it started in December 2007.

The Great Recession that followed required extraordinary measures to prevent a worldwide economic collapse which Obama assisted Bush jr in putting in place to stave off the immediate crisis.

It was the blind partisan obstruction by the GOP that prevented Obama from implementing additional measures that would have eased the impact of the Great Recession sooner rather than later.

To allege that Reagan recovered from an "even worse recession" is utterly bogus since it was nowhere near as severe. Furthermore Reagan had the advantages of Volcker's policies and a Dem Congress willing to spend on building up the military. Compare that to Obama being stymied by the GOP whenever possible after a collapse caused by decades of Republican fiscal malfeasance and the facts speak for themselves.
The truth is, it was a "little" bad on 1/20/2009, but got a LOT worse after that, which CANNOT be blamed on Bush! Obama was in charge! And he did all the WRONG things!
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Old February 6th, 2017, 07:21 AM   #7
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Quote:
Originally Posted by Aufgeblassen View Post
The truth is, it was a "little" bad on 1/20/2009, but got a LOT worse after that, which CANNOT be blamed on Bush! Obama was in charge! And he did all the WRONG things!
It would seem you feel entitled to create your own facts and truly believe them....this is an unfortunate affliction. Interesting considering how much you love touting the stock market.
"Since President Barack Obama first took office:
Homicides have dropped 13 percent, but gun sales have surged.

The economy has added more than 9 million jobs, and the jobless rate has dropped to below the historical median.

The number of long-term unemployed Americans has dropped by 614,000 under Obama, but it is still 761,000 higher than at the start of the Great Recession.

Corporate profits are up 166 percent; real weekly wages are up 3.4 percent.

There are 15 million fewer people who lack health insurance.

Wind and solar power have nearly tripled, and now account for more than 5 percent of U.S. electricity."

Obama?s Numbers (January 2016 Update)
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Old February 6th, 2017, 08:24 AM   #8
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Originally Posted by tecoyah View Post
It would seem you feel entitled to create your own facts and truly believe them....this is an unfortunate affliction. Interesting considering how much you love touting the stock market.
"Since President Barack Obama first took office:
Homicides have dropped 13 percent, but gun sales have surged.

The economy has added more than 9 million jobs, and the jobless rate has dropped to below the historical median.

The number of long-term unemployed Americans has dropped by 614,000 under Obama, but it is still 761,000 higher than at the start of the Great Recession.

Corporate profits are up 166 percent; real weekly wages are up 3.4 percent.

There are 15 million fewer people who lack health insurance.

Wind and solar power have nearly tripled, and now account for more than 5 percent of U.S. electricity."

Obama?s Numbers (January 2016 Update)
And unicorns defecate rainbows.
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Old February 6th, 2017, 10:19 AM   #9
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Quote:
Originally Posted by Aufgeblassen View Post
The truth is, it was a "little" bad on 1/20/2009, but got a LOT worse after that, which CANNOT be blamed on Bush! Obama was in charge! And he did all the WRONG things!
From the above it is patently obvious that you know less than nothing about how either federal budgeting works or the impact that the Republican/Libertarian DEREGULATION malfeasance has had upon the economy and its dire impact upon hardworking Americans.

Not that I am singling you out. A great many of my fellow citizens are unaware of how their meager wealth has been stripmined by the Republican/Liberatian agenda that began with St Reagan and continues to this day..
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Old February 6th, 2017, 10:24 AM   #10
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Originally Posted by Derideo Te View Post
From the above it is patently obvious that you know less than nothing about how either federal budgeting works or the impact that the Republican/Libertarian DEREGULATION malfeasance has had upon the economy and its dire impact upon hardworking Americans.

Not that I am singling you out. A great many of my fellow citizens are unaware of how their meager wealth has been stripmined by the Republican/Liberatian agenda that began with St Reagan and continues to this day..
You obviously don't understand that OVER regulation causes job loss (both going overseas and AWAY completely), and much higher prices and even shortages.
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Old February 6th, 2017, 11:16 AM   #11
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Originally Posted by Derideo Te View Post
From the above it is patently obvious that you know less than nothing about how either federal budgeting works or the impact that the Republican/Libertarian DEREGULATION malfeasance has had upon the economy and its dire impact upon hardworking Americans.

Not that I am singling you out. A great many of my fellow citizens are unaware of how their meager wealth has been stripmined by the Republican/Liberatian agenda that began with St Reagan and continues to this day..
Don't feed the troll.
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Old February 6th, 2017, 11:35 AM   #12
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Don't feed the troll.
OK - this is my LAST response to one of them.
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Old February 6th, 2017, 06:47 PM   #13
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[edit] Reply to wrong post deleted
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Old February 6th, 2017, 06:56 PM   #14
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Quote:
Originally Posted by Aufgeblassen View Post
You obviously don't understand that OVER regulation causes job loss (both going overseas and AWAY completely), and much higher prices and even shortages.
Most

Prove that "over regulation" is causing job losses in real numbers.

The incentive to manufacture overseas is simply the lower cost of labor which is a factor of the cost of living here in the USA versus overseas and has nothing whatsoever to do with "over regulation".

Most of the corporations that whine about "over regulation" do so because they have been caught doing something wrong. The coal industry has been strip mining and causing massive pollution and now they are being held accountable by the government OF the People and FOR the People for the damage that these corporations have done to the land of We the People.

Government regulations are the only tool that We the People have to protect ourselves from corporations ripping us off.
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Old February 7th, 2017, 04:59 AM   #15
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Quote:
Originally Posted by Derideo Te View Post
Most

Prove that "over regulation" is causing job losses in real numbers.
Do you live under a rock or something??? EVERYBODY knows that thousands and thousands of workers in coal country have lost their jobs due to government interference with excessive regulations.

20,000 jobs lost under OBAMA, and that is just up to 2015; a bunch more since then.

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Old February 7th, 2017, 05:19 AM   #16
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Quote:
Originally Posted by Aufgeblassen View Post
Do you live under a rock or something??? EVERYBODY knows that thousands and thousands of workers in coal country have lost their jobs due to government interference with excessive regulations.

20,000 jobs lost under OBAMA, and that is just up to 2015; a bunch more since then.

I suppose I am not part of "Everyone" because my intellect does not allow me to limit my knowledge to singular talking point methodology when evaluating complexity.
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Old February 7th, 2017, 05:29 AM   #17
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I suppose I am not part of "Everyone" because my intellect does not allow me to limit my knowledge to singular talking point methodology when evaluating complexity.
By "everyone", I meant "everyone who watches nightly network news". Sorry for the confusion.
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Old February 7th, 2017, 05:51 AM   #18
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Do you live under a rock or something??? EVERYBODY knows that thousands and thousands of workers in coal country have lost their jobs due to government interference with excessive regulations.

20,000 jobs lost under OBAMA, and that is just up to 2015; a bunch more since then.

Facts are not your friends, are they?

Coal mining job losses stem from AUTOMATION rather than regulations.

TheMoneyIllusion Ľ Coal jobs were lost to automation, not trade

Quote:
So why have so many coal jobs disappeared? The answer is simple, automation. We are producing nearly twice as much coal as when I was young, and we are doing so with far fewer workers.

Some commenters think that job loss due to automation is less painful than job loss due to trade. In fact, they are equally painful. Jobs lost to automation donít occur gradually over time, through attrition, they occur in waves, often during recessions. Thus in steel, 1000s of jobs are lost when US Steel or Bethlehem shut down old mills, and Nucor and Chaparral open new more efficient mills in other parts of the country. Lots of steel jobs lost in Pittsburgh are replaced with a smaller number gained in Texas.

Something similar happens in coal. Big new strip mines in Wyoming use huge shovels that replace 100 workers in a West Virginia mine that shuts down.
https://www.bloomberg.com/news/artic...er-mining-does
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Old February 7th, 2017, 06:01 AM   #19
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By "everyone", I meant "everyone who watches nightly network news". Sorry for the confusion.
My bad...I had assumed you meant everyone who had actually researched and understood the complexities of energy production, mining, and actually lived in coal country. My silly assumptions even went so far as to read your little chart and note the steady decline in coal production long before Obama was even old enough to drink even though it deals with far more than coal.
Strangely I tend to evaluate multiple data points rather than spew pointless diatribe to pretend I'm brighter than I am....silly me.
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Old February 7th, 2017, 06:21 AM   #20
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Facts are not your friends, are they?
They INDEED are! When automation replaces humans, it is ALWAYS done to increase PRODUCTIVITY. With increased productivity, naturally is INCREASED output. So if all that REALLY happened, the we would see RECORD coal production. Since the OPPOSITE has happened (production WAY down), all of the ASSUMPTIONS by others on this thread of what really happened are FALSE.
n

Last edited by Aufgeblassen; February 7th, 2017 at 07:34 AM.
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