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4 Bumps

Is the recession really over? Obama says it is but...

My husband's job is laying off workers and cutting back on overtime and hours. My last place of employment (I'm a SAHM now) got absorbed by another business and I hear everyday of unemployment numbers rising. Now, the jobs that were "created" like the Census taker's jobs are now over. How can government say the recession is over??


Asked by carol2m2 at 11:46 AM on Sep. 22, 2010 in Money & Work

Level 18 (4,954 Credits)
This question is closed.
Answers (12)
  • It's funky accounting.. lol.... Much like inflation and the unemployment numbers.

    The recession being over hype is based on: profit margins of major corporations, export/import numbers, and the stock market gains/losses. It is not based on whether or not people actually are making money, having jobs..ect.. The numbers aren't based on "us" (meaning average working Americans) the numbers are based on Wall Street gains and Corporate Gains.

    Just like unemployment isn't really figured by how many people aren't working. But by how many people are receiving unemployment benefits. And inflation is figured by not counting: food and energy cost.

    It's all shell games and "funky accounting".. lol... Not the reality of the everyday hourly wage earning working American.

    Answer by pixie_trix at 12:00 PM on Sep. 22, 2010

  • recession is over like the mission is accomplished

    Answer by fiatpax at 12:00 PM on Sep. 22, 2010

  • i like how numbers do not show people that are working two part time jobs with no benefits and both do not equal last job
    people who have fallen off unemployment payment roles all together, because time expired

    Answer by fiatpax at 12:05 PM on Sep. 22, 2010

  • lol
    The reason they're saying that it's over is to keep whatever shred of hope people have in them towards the government. However, those hopes are already gone, plus this is only the beginning. It's gonna get worse before it can even get any better.

    Answer by Mrs.Halloween at 11:50 AM on Sep. 22, 2010

  • or
    i am not a crook
    (maybe by todays standards

    i did not have sex with that woman

    Answer by fiatpax at 12:03 PM on Sep. 22, 2010

  • also, we KNOW that husbands job will be in India in the next two years or earlier
    as soon as he and his coworkers can train them to take their jobs- pretty much known in company

    Answer by fiatpax at 12:06 PM on Sep. 22, 2010

  • Don't be fooled by what you hear, the recession is NOT over. The top economist will tell you that. Everyone should have a plan B, a second or 3rd job and 6 months income in the bank, and even then with unemployment already at 12% that may not be enough, so don't shop for what you absolutely don't need and start a savings account and put in $100 every payday if you can or half at least. Start a second job or work at home, that is what I do and the income has been a blessing. I have numerous tax deductions as well so it is what economists are suggesting.

    Answer by nanaevelyn at 3:03 PM on Sep. 22, 2010

  • No, it's not over.

    Houses are still being foreclosed on, etc.,.

    Answer by mustbeGRACE at 8:06 PM on Sep. 22, 2010

  • or read my lips
    no new taxes

    Answer by fiatpax at 12:01 PM on Sep. 22, 2010

  • Yes, the recession is over. However, some of the major corporations that have gone out of business or laid off people are probably not going to be coming back. It's crucial that people are going to have to realize this. There is work out there, but they may have to go elsewhere to find it. I live near St. Louis and recently heard that it's one of the top cities right now for finding work. If it's easier for you to find work, perhaps you should look into that too.

    Answer by m-avi at 6:54 PM on Sep. 22, 2010