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If the recession is over, what caused the end?

According to this article, 80% of economists believe the Recession is over but will be recovering for 2-3 more years.


Do you think The American Recovery and Reinvestment Act of 2009 helped it or something else?


http://money.cnn.com/2009/10/12/news/economy/recession_nabe/index.htm?postversion=2009101210

Answer Question
 
viridian

Asked by viridian at 6:47 PM on Oct. 12, 2009 in Politics & Current Events

Level 2 (10 Credits)
Answers (42)
  • It's not over. Those 80% are keynesian economists. A proven failure.
    Carpy

    Answer by Carpy at 6:54 PM on Oct. 12, 2009

  • I ended it because I never stopped spending. I was doing my part for the economy, lol....
    Anonymous

    Answer by Anonymous at 6:56 PM on Oct. 12, 2009

  • It true, that would mean Obama was right and there will be quite a bit of crow eating going on--but not here. The haters won't ever admit Obama was telling the absolute truth when he stated things would get worse before they got better, but they would indeed get better.
    I knew it all along--it is called patience and faith (not religious faith, but confidence born faith).
    Enjoy the glass as half full and getting fuller.
    Anonymous

    Answer by Anonymous at 6:57 PM on Oct. 12, 2009

  • It's over? Well where are they hiding all the jobs?
    NotPanicking

    Answer by NotPanicking at 6:59 PM on Oct. 12, 2009

  • The "funny" thing with statistics and surveys is that they can be interpreted any way the survey taker wants!

    Like the old Trident commercials, saying 4 out of 5 Dentists SURVEYED....surveyed being the key word--meaning 80% of ALL dentists didn't approve of this product, but of those surveyed...which could have been 20 Dentists!

    Same with this article. How many "top economists" are there...10, 100, 1000?

    I don't believe we have seen the worst of the downfall of this economy--just some artificial propping up--with the Cash for Clunkers and $8000 First Time Home Buyer Credit programs. We'll see how things are in a year--when new home and car owners start failing to make their payments, whether or not things are turning around!

    I say 5 years minimum--so long as Obama doesn't get re-elected, ObamaCare dies, and we do not have a terrorist attack on US soil!
    LoriKeet

    Answer by LoriKeet at 7:00 PM on Oct. 12, 2009

  • If it will take 2-3 years to recover, then it will be over in 2-3 years. The article doesn't poll all economist. It only sites those who want to blow smoke up your dress.
    jesse123456

    Answer by jesse123456 at 7:00 PM on Oct. 12, 2009

  • Of course the almighty Carpy has spoken so we can know for sure the opposite of her "junk theories" will prove correct. The recession is ending. You would think even the most hardened haters could see the positives in that.

    Good God woman (Carpy)--I am embarassed for you!
    Anonymous

    Answer by Anonymous at 7:00 PM on Oct. 12, 2009

  • 7:00PM
    The recession is ending.


    Where? Can you provide some links?


    LoriKeet

    Answer by LoriKeet at 7:02 PM on Oct. 12, 2009



  • "Where? Can you provide some links?"

    http://www.reuters.com/article/companyNewsAndPR/idUSN1214727320091012


    http://online.wsj.com/article/SB125535786715480387.html?mod=googlenews_wsj

    http://www.rte.ie/business/2009/1012/usa.html

    http://www2.wsls.com/sls/news/state_regional/article/for_those_worried_over_the_economy_private_economists_have_good_news/53886/
    viridian

    Answer by viridian at 7:09 PM on Oct. 12, 2009

  • Anon your such an ignoramous. Do you think your lack of knowledge combined with insulting really bothers me?
    Carpy

    Answer by Carpy at 7:13 PM on Oct. 12, 2009

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