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If we're in recession ..


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Seems to be heading that way. 8 straight months of job losses. I thought I heard someone say another 75,000 jobs lost last month.

 

I guess Palin shouldn't bash Obama for being a community organizer anymore huh?

 

 

Why not? How many jobs did Obama create as a 'community organizer'?

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Seems to be heading that way. 8 straight months of job losses. I thought I heard someone say another 75,000 jobs lost last month.

 

I guess Palin shouldn't bash Obama for being a community organizer anymore huh?

The most quoted definition of recession is two consecutive quarters or negative GDP. This is not exact but is applicable for a large majority of recessions. However, the latest economic data shows that the economy actually grew in the second quarter which followed a minor expansion in the first Q:

http://www.bea.gov/newsreleases/national/g...newsrelease.htm

 

To state the obvious, even if GDP were to shrink in the next, we will have been done with the election part way through the fourth Q. So while we may whine about the economic situation in general, we are not technically in a recession yet and all indications are we dodged it this time around.

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Seems to be heading that way. 8 straight months of job losses. I thought I heard someone say another 75,000 jobs lost last month.

 

I guess Palin shouldn't bash Obama for being a community organizer anymore huh?

Worse. It was 84,000.

The jobless rate jumped to 6.1 percent in August, from 5.7 percent in July. And, employers cut payrolls for the eighth month in a row. Job losses in June and July turned out to be much deeper. The economy lost a whopping 100,000 jobs in June and another 60,000 in July, according to revised figures. Previously, the government reported job losses at 51,000 in each of those months.

 

The latest snapshot was worse than economists were forecasting. They were predicting payrolls would drop by around 75,000 in August and the jobless rate to tick up a notch, to 5.8 percent. The grim news comes as the race for the White House kicks into high gear. The economy’s troubles are Americans’ top worry.

 

Not much from McCain in his speech last night regarding how he's going to help. Some nonsense about how cutting taxes will help, which it hasn't.

 

McCain:

We're going to help workers who've lost a job that won't come back, find a new one that won't go away.

 

We will prepare them for the jobs of today. We will use our community colleges to help train people for new opportunities in their communities. For workers in industries that have been hard hit, we'll help make up part of the difference in wages between their old job and a temporary, lower paid one while they receive retraining that will help them find secure new employment at a decent wage.

 

Education is the civil rights issue of this century. Equal access to public education has been gained.

Hmm. So he's going to pay for all unemployed workers to go back to school and make up the difference in their wages while they're in school? Education is a Civil Right. I hope someone holds him to that, and I wonder if the people in his party know he's got socialist tendencies. I sure didn't.

 

But other than the above, saying he's going to cut taxes and lying that Obama will raise them, that's all he said last night with respect to the economy. The American people deserve more.

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Ahhh. Yeah the liberals are here cheering for bad things, just so their agent of change can get credit when the eventual upturn starts. Sort of like hoping thousands were killed in NOLO this time, just to help there cause. Collateral damage is good for them. A few homeless, black, poor dead is okay since it's for the good of the cause.

 

Why not hope for a major attack from a terrorist group right before the election. Then you can blame it on the failed GOP security measure and our unneeded war in Iraq.

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Worse. It was 84,000.

 

 

Not much from McCain in his speech last night regarding how he's going to help. Some nonsense about how cutting taxes will help, which it hasn't.

 

McCain:

 

Hmm. So he's going to pay for all unemployed workers to go back to school and make up the difference in their wages while they're in school? Education is a Civil Right. I hope someone holds him to that, and I wonder if the people in his party know he's got socialist tendencies. I sure didn't.

 

But other than the above, saying he's going to cut taxes and lying that Obama will raise them, that's all he said last night with respect to the economy. The American people deserve more.

 

 

 

As far as I can remember there was really no talk about Health Care or the Economy throughout the whole Convention. And don't forget that McCain | Palin starting in January will give us: Clean Burning Coal Energy, Nuclear Energy, Solar Energy, Wind Energy, More Oil/Gas Energy, Natural Gas Energy, Bio-Fuels..... I am surprised they left out hydrogen power.

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Ahhh. Yeah the liberals are here cheering for bad things, just so their agent of change can get credit when the eventual upturn starts. Sort of like hoping thousands were killed in NOLO this time, just to help there cause. Collateral damage is good for them. A few homeless, black, poor dead is okay since it's for the good of the cause.

 

Why not hope for a major attack from a terrorist group right before the election. Then you can blame it on the failed GOP security measure and our unneeded war in Iraq.

 

 

No one is cheering anything. These job losses are real. So give me a break on anyone hoping for anything bad to happen to benefit the election. If anything that would be a republican playbook item - remember the constant fearmongering.

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Does it matter how many? Why bash someone or a position that helps people?

 

 

I wasn't bashing him. I was asking you why you were tying to tie job losses to Palin 'bashing Obama for being a community organizer'. What is the connection you were trying to make?

 

 

 

p.s. and she wasn't bashing Obama for being a community organizer either. She was bashing him for his party's disrespectful and fairly ignorant characterization of her experience as a mayor and governor.

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Ahhh. Yeah the liberals are here cheering for bad things, just so their agent of change can get credit when the eventual upturn starts. Sort of like hoping thousands were killed in NOLO this time, just to help there cause. Collateral damage is good for them. A few homeless, black, poor dead is okay since it's for the good of the cause.

 

Why not hope for a major attack from a terrorist group right before the election. Then you can blame it on the failed GOP security measure and our unneeded war in Iraq.

I think it's quite good of W to bookend his administration with twin recessions. Rounds things out nicely. That's good, I like the symmetry.

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I think it's quite good of W to bookend his administration with twin recessions. Rounds things out nicely. That's good, I like the symmetry.

Sort of like clinton bookending his. Funny how that works isn't.

 

Now go back and pray to allah for something bad to happen to us, and further your "cause".

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I wasn't bashing him. I was asking you why you were tying to tie job losses to Palin 'bashing Obama for being a community organizer'. What is the connection you were trying to make?

 

 

 

p.s. and she wasn't bashing Obama for being a community organizer either. She was bashing him for his party's disrespectful and fairly ignorant characterization of her experience as a mayor and governor.

 

 

 

Ok. She was mocking his experience as a community organizer.

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Sort of like clinton bookending his. Funny how that works isn't.

 

Now go back and pray to allah for something bad to happen to us, and further your "cause".

 

 

 

Your statements of people wishing for something bad to happen... well, they are still dumb to say.

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Ok. She was mocking his experience as a community organizer.

 

I think she was highlighting the irony of a 'community organizer' mocking the experience of a Governor. Regardless, what does it have to do with job losses? That was the point of your original post on the subject and what I responded to.

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