Economy in Recession? More Liberal Lies?

Lets see we need an update here. Fannie and Freddie getting bailed out. Lehman bros looks to be next. Lets tack on the auto and airlines who are also begging for a bailout from the taxpayers also. This is all one big liberal conspiracy though no recession here because the government "tells us" we are not in one. Ill keep updating as more crap hits the fan.

True to form, I am back to administer another dose of reality for the OP.

Today wasn't as bad as I thought it would be. We finally made it all the way through Friday without a bank going insolvent. Although, Lehman Brothers will probably disappear soon. In fact Lehman Brothers are probably still at this hour, running all over Wall Street begging someone to buy them out before they go to zero. And as you can see, that certainly isn't out of the realm of possibility



This is dragging WaMu down with it.



Frankly there is so much happening right now that it would take me a month to explain it all to you. I promise, I will explain it all, on this thread, while you, and everyone else in this country goes bankrupt.

I hope you don't own any stock in Merrill Lynch either. You'll see why in a week or two.

Oh, and that stupid Fannie Mae, Freddie Mac bail-out? The official figure for the amount of debt owed is 5.5 trillion, funny thing about that number? It doesn't calculate the interest. Guess how much you really owe your neighbor for his house now.

And so it is. The FED bailed out a few banks, without batting an eye. Guess who wants money now?

online.wsj.com...

That right. Automakers. From this moment on, you can tell your children what happened to America. You can tell them that you where blinded by patiotism, and unable to see your country slip into a socialistic nightmare of bondage brought to you by the administration you so vehemtly defended. Your Grandkids, will not even come close to paying this debt off. It's called "privatize the gains, socialize the losses". Any Gains the companies make, you never see a dime of it, even though you will partially own them. But when they loose money, you will shoulder the burden for it. Are you starting to get it yet? Pundits lie, numbers are infallible.

Well now unemployment is up and my personal economic situation has once again deteriorated.Gas is over 4 dollars a gallon.Electric is going up again and to top it all off,I now have to contribute more to my healthcare plan I never used.

Not heading for a recession? I think the UK definately is - unstable property market, banks in trouble, job losses, and now 3 airlines have gone bust since Thursday affecting around 600 tourists some of which are stuck out on a limb until it can be resolved, which it will by the way.

Look at what your country's act and has listed as to regards to call a state of emergency where martial law or a form of it is put into place - and what actually over throws the goernment itself from making descisions - its true and its the law! It removes quite a lot of the rights we've become a custom to.

I haven't been in this thread in a while. But I see that Jamie still avoided my posts, all of them.

In my posts I explained while we're not technically in a recession by our government's current numbers, simply because of the way they're calculating GDP and CPI. It's as simple as that, if we used the same formula's that we did pre-clinton era, we'd be in a recession.

It's that easy. I put some work in my posts, i'm a bit sad you danced around them, and then continued that argue about the definition of a recession.

Eh, whatever.

Originally posted by aravoth
True to form, I am back to administer another dose of reality for the OP.

Today wasn't as bad as I thought it would be. We finally made it all the way through Friday without a bank going insolvent. Although, Lehman Brothers will probably disappear soon. In fact Lehman Brothers are probably still at this hour, running all over Wall Street begging someone to buy them out before they go to zero. And as you can see, that certainly isn't out of the realm of possibility

Well, here I am, just past midnight on Monday(9/15/08) morning. Guess what I was right about? Go ahead, take a wild guess. here, lemme help you. www.bloomberg.com...

But according to you everything is fine, right? It's all in our heads? Isn't it?

Originally posted by aravoth

I hope you don't own any stock in Merrill Lynch either. You'll see why in a week or two.

Oh yeah, I was too optimistic here, sorry about that, I was off by a few days. www.bloomberg.com...

Originally posted by aravoth
Are you starting to get it yet? Pundits lie, numbers are infallible.

Let that sink in for a minute, then turn on talk radio, that'll make it all better.

[edit on 15-9-2008 by aravoth]

o yah, the recession is here. i guess that those who insist that there are no recession in the air, should go reply to the post Why must you insist reality is illusion?, cuz they seem to have pretty strong illusions going on.

i keep reading foreign (outside US) papers daily and all of them have the same message: recession. i haven't read US papers for a while, cuz i have noticed a slight lack of reality in them recently.

500 points down today. Wow that must be liberal lies too. Whew its a good thing that we have Jamie83 to tell us everything is ok. Sigh. BTW I dont see any of the neigh sayers on here anymore what gives? Cant debate the issues anymore?

reply to post by mybigunit


I tell you one the elections will be over you are going to see the word recession all over the news.

Pity for the one elected because its going to have a heck of time as a president.



[edit on 15-9-2008 by marg6043]

Wow, Jamie. You never cease to amaze me. Instead of just trying to start a rational debate on whether or not the economy is really in a recession or even just heading for one (which is really what everyone has been saying) you base your entire thread on "calling" out the liberals. Us evil, "ignoramus" liberals.

Why can't you ever just rationally debate something, Jamie, without focusing on an entire group of people? it seems that just about every single one of your posts do this very thing. I believe this is why people have accused you of being a troll time and time again, because you have nothing really worthwhile to bring to the table. For you, it's all about hating on liberals.

Let me say that I'm sure you've heard the news the past couple days. Things are not good. I'd like for you to tell us how great the economy is doing now.

"More liberal lies" is part of your title. Why is it only liberals you chose to single out? Why does it have to be lies as if it's some devious plan to warn people that things aren't looking good and to prepare for the worst? Is it just that anyone who doesn't agree with you is a liberal and a liar? Economists disagree about things all the time and some have been warning us were headed for a recession and guess what, Jamie, they aren't all big, bad, evil liberals.

So tell us how great the economy is doing again. Tell us how "ignoramus" liberals have lied to us all and are just trying to scare us to death. Tell us how there's nothing to worry about.

I have nothing against you being a conservative but I do have something against you constantly and consistently promoting hate against an entire group of people who happen to disagree with you on political issues. Maybe you should cut the name calling and the belittling and try debating rationally and logically without using an entire group of people as your scape goat.

You bring up talking points? It seems to me that you have been pretty good at spewing FOX News talking points. The same things you always start a thread about are the same things FOX News anchors dedicate an entire show to.

Like I said there's a big difference between saying we are IN a recession and saying we are HEADING for one, and the latter is what I have heard over and over from people on ALL SIDES of the political spectrum.





[edit on 15-9-2008 by nunya13]

Looks like Jamie has been banned. Wonder for how long.

Originally posted by nunya13
Like I said there's a big difference between saying we are IN a recession and saying we are HEADING for one, and the latter is what I have heard over and over from people on ALL SIDES of the political spectrum.
[edit on 15-9-2008 by nunya13]

No sir. we ARE IN a recession. One that probably started early this year.

Check here.

Originally posted by Elfworkz


did I ask the big question? Yes I did to all those in a "recession" what are you having for dinner tonight?

Me? Hot wings!

Peace!

I had to quote this guy. He thinks we are not in a recession because he is eating chicken wings. CHICKEN WINGS! Not a porterhouse steak, or King crab but hot wings....

Look at us now....a trillion dollar bailout of the crooks but everything is fine because he has ordered "hot wings" Living high!

Originally posted by LoneGunMan
Look at us now....a trillion dollar bailout of the crooks but everything is fine because he has ordered "hot wings" Living high!

lol.

Well it looks like that bail out may not be happening.
Not that we need it, since the economy is just A-OKAY.

Boy those liars...they sure do make this financial mess look authentic.



- Lee

I believe Jamie83 is not coming back...His yacht is due to be serviced in the Cape.

Originally posted by jamie83
I want to dispel once and for all the ongoing lies being put out be liberals and being accepted as truth by the ill-informed and ignorant masses who have no idea what they are talking about.

For months liberals have talked about how the economy is in a recession, and some have even gone as far to say this is the worst recession in U.S. history and that it was brought on by George Bush.

HEEELLLLOOOO!

We are not in a recession. The most recent data for the 2nd quarter show the U.S. economy on pace for a 3.3% growth rate. A recession is defined as TWO consecutive quarters of negative growth. We have not even had ONE quarter of negative growth.

Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 3.3 percent in the second quarter of 2008,
(that is, from the first quarter to the second quarter), according to preliminary estimates released by the
Bureau of Economic Analysis. In the first quarter, real GDP increased 0.9 percent.

Source

stlouisfed.org...

Seriously, for a site whose motto is "Deny Ignorance" it is truly amazing to see the level of ignorance being displayed at times.

I'm just curious why this ignorance exists at all. Are people too lazy to educate themselves and would rather parrot talking points being spewed by ignoramuses?

Or do people just jump on any partisan talking point, not caring if it's true or not?

How much is the MSM to blame for this? How much is the Democratic party to blame for this due to it being an election year?

Just curious...




[edit on 31-8-2008 by jamie83]

Wow , waited for awhile to come back and it sure is interesting how quite it is in here. Just wanted to put in the original post and see what mr economics jamie and his side kick jetxnet have to say now.

Was it really all lies by the liberals , ill-informed , and ignorant masses????
Please come back and use your pretty little charts to dispel the ongoing lies. Please give me some of that cool aid your drinking so I can feel better about the "recessionless" economy again.


I am a republican who has not voted for a rep. president since reagan and I wont be voting rep. again this year. This post of yours and the attitude of most of the republican party today is what has pushed me away. Our GOP is clueless to whats going on in Mr/Mrs everyday life.

Perfect eh? Obama will be elected and we will be able to blame the whole mess on the liberals and MSM now. Please post some pretty new charts and the definition of recession again and tell me how smart you are and all you know so I can feel better soon , as for now I think I will go puke after reading your OP again.

reply to post by savagediver


Savage,

It's easy to claim Liberal ignorance. That's just as ignorant as... Well.... The liberal ignorance your proclaiming

This is the third time I'm posting this, and I'm hoping this won't be the third time it's ignored.

Your argument is based on a claim that recessions are called based upon GDP. That's not true. That is the simplistic, media-accepted method of calling recessions. It is not the sole measure used by the entity tasked with calling recessions. People against the recession argument on this thread keep ignoring this.

Here again, is a link by a leading bearish economist who, by the way, has been calling this whole mess day by day, and has been right on point FOR OVER A YEAR.

Click Here:

BTW, I'm not liberal, so omit that from the reasoned argument I no doubt expect from you.

No argument here. I just wanted some pretty new charts showing how well we are doing and showing we are not in a recession so I can feel better. I have been in a personal financial recession for quite awhile now. If the rest of the country drops down to my financial situation I think they will see it matters not if someone at the fed says it is an official recession or not.

No arguments from me and I truly hope things turn around for everyone, the rich , the poor and the middle class and I hope we dont go further down into a depression.



I am sure there will be some though who will never admit that it happens unless the pretty little charts from the fed say so. Putting in the Op in the words it was said is nothing but condescending and childish.

I am conservative but am intelligent enough to see the way the op was written it was meant to be inflamatory and nothing but a stab. Could have posted the same ideas and beliefs without all the name calling. I guess deny ignorance means different things to different people.

In other words putting someone down and calling names to get a point across doesnt seem very constructive to meaningful conversation. It doesnt seem to me to be a very effective way to get a point across or persuade anyone. Just my opinion.

Funny, I wonder if the head of International Monetary Fund is a "drum beatin', bong smokin" liberal hippy...

He says the world is on the cusp of a global recession, which can only be tackled by nations working together.

"I don't underestimate the problems," he said.

"Nevertheless, cooperation and coordination in actions is the price of success."

www.abc.net.au...

Can this thread now be labelled HOAX?

Congratulations, It's A Recession!

The keeper of the business cycle books, the National Bureau of Economic Research, announced Monday what economists have been saying for a long time--this is a recession. And, NBER says, it's been a recession since December of 2007.

The announcement comes as no surprise to anyone with a TV, newspaper or more than 10 friends

Forbes, 1st Dec 08.