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Over 4.5 times more negative news stories discussed a recession when the economy under a Republican was soaring than occurred under a Democrat when the economy was shrinking.
True the inflation rate over the last year has gone up to 4 percent, but that is still lower than the average inflation rate under all the presidents from Nixon through Bush’s father.
Gas prices are indeed up 33 percent over the last year, but to get an average of 4 percent means that lots of other prices must have stayed the same or gone down
Indeed, gas was up 29.6%, heating oil was up 28.3%, and public transportation was up 7.2%. Grocery prices were also up 5.6%, with dairy leading the way at 13.4%. The problem here is that gas and groceries are omitted from the so-called “core inflation rate,”
Originally posted by Mr. Ree
Actually, it is a myth that is propagated by the fear mongering MSM and sites like this. You guys have been hearing it so much that it's turned into a truth. It's apparent that you don't even know WHAT a RECESSION is if you think that we are somehow in one!
The problem with the media is that, well, it's that they are predicting in the first place. They just want to be the first one to announce anything so they can say, "You got it here, first!" Announcing who wins the Presidency should ring a few bells.
For those of us who actually still have a long term memory that hasn't been occluded by fear mongering and paranoid spin, we would remember that the MSN has been "predicting" a recession for the last 5 years.
Don't you remember the "economic indicators" they used? It seems like the fools here do the same thing. Well, for starters, they used sweater sales, Starbucks coffee, and mobile homes. You people can't even remember a few years back when hurricanes were supposed to cause a recession? How about global warming?
The "housing crisis" was not the result of the NWO, but the result of poor decision making on behalf of the people.
Sorry to say, but in the words of Bush, "The economy is, and will continue to experience strong growth" is actually true. I know it bums you out, but the GDP growth for 2007 was positive since FEB 2007, and has continued to rise, and so it will too for 2008. The third quarter of 2007 grew by nearly 5% in fact. The GDP grew for March, and unemployment rates (4.8%), as well as inflation (4.1%) are pretty typical.
Quit playing the victim. You have financial issues now, and you've had them 5 years ago. Quit acting like it's not your fault.
Originally posted by Karlhungis
This is Faux News at it's finest. Spinning the propaganda machine for the Bush administration. I can't believe that they have the audacity to publish this.
Here is a good one:
True the inflation rate over the last year has gone up to 4 percent, but that is still lower than the average inflation rate under all the presidents from Nixon through Bush’s father.
Gas prices are indeed up 33 percent over the last year, but to get an average of 4 percent means that lots of other prices must have stayed the same or gone down
Last I checked www.fivecentnickel.com...
Gas prices aren't included in inflation numbers.
Indeed, gas was up 29.6%, heating oil was up 28.3%, and public transportation was up 7.2%. Grocery prices were also up 5.6%, with dairy leading the way at 13.4%. The problem here is that gas and groceries are omitted from the so-called “core inflation rate,”
[edit on 1-4-2008 by Karlhungis]
Originally posted by adkchamp
im confused? Is media lying to us about recession or is the media exasperating this situation???
Originally posted by cpdaman
Originally posted by Karlhungis
the funniest/ messed up part of the whole "game" is that U.s taxpayers (including me) complain about all this bailout business, but so long as we have the world reserve currency, foreign govt's and citizens will continue to foot the majority of the bills, if it wasn't for this ingenious rip-off, even fox news would not be able to try to sell "the low cpi inflation" numbers , inflation would be about 30% w/o having the dollar as world reserve currency. Sure the lower and middle classes have been losing ground in america, however it would be alot worse (nite and day) if the dollar is no longer accepted by Saudi Arabia.
[edit on 1-4-2008 by cpdaman]
...and the scary part is that there was no housing crisis until "potential buyers" started to ask,
"How much is this property worth?
How much will it be worth in 5,10,20 years"?
When the answer was "less" people stopped buying, Hello melt down !
Now, when potential dollar buyers ask, "How much is this dollar worth?
and the answer is less than the Euro, buyers ask "Why am I buying dollars"?
The stability of the dollar is based on the loans that were establish to be payed back in dollars.
Ultimately, as long as potential borrowers want to borrow dollars the dollar will live, but at a certain point, potential "lenders" will not want to be paid back in a trading instrument that will be worth less when its paid back, so they raise the lending multiple(interest)
The "fit hits the shan" when the interest rates make the loan impossible
Then the cycle is stagnation followed by deflation, prices will drop but no body has any money to buy anything
Then you hit the hyper space button !