"Today's job data reflects the fact that our economy is in a recession," Bush said.
DUHH!!
Showing posts with label Bush. Show all posts
Showing posts with label Bush. Show all posts
Friday, December 5, 2008
Monday, December 1, 2008
IT'S OFFICIAL: Recession since Dec'07
CNNMoney reports:
The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy .
'NUFF SAID! I was right, Bush was wrong...and bad...and thankfully gone. Now if we could just ditch the Fed!
The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy .
'NUFF SAID! I was right, Bush was wrong...and bad...and thankfully gone. Now if we could just ditch the Fed!
Friday, January 25, 2008
Stimulation or simulation? Action / reaction ?
OK, the Fed made a pre-emptive move that "rescued" the falling markets; but they've opened the door to the potential disaster of runaway inflation AND downturn...and Bush's "stimulus" package would be great *if*:
1. People SPEND THE MONEY ON GOODS and not pay down credit debt or hike savings.
2. We get the money TODAY, not in June!
Anyway, they're both acting like they could stop/delay the recession by throwing money at it. The only real solution is increased government spending on infrastructure, but Bush & Congress are not likely to go there. Watch for more economic turmoil by election day!
1. People SPEND THE MONEY ON GOODS and not pay down credit debt or hike savings.
2. We get the money TODAY, not in June!
Anyway, they're both acting like they could stop/delay the recession by throwing money at it. The only real solution is increased government spending on infrastructure, but Bush & Congress are not likely to go there. Watch for more economic turmoil by election day!
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