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6 Bumps

Do you agree with "economic experts"?

Do you believe the recession is over?


Asked by stringtheory at 12:13 AM on Oct. 2, 2010 in Politics & Current Events

Level 13 (1,066 Credits)
This question is closed.
Answers (19)
  • There are a couple of different factors used to determine when a recession/depression begins or ends. The main factor is whether the GDP has 3 CONSECUTIVE quarters of growth or decline. The Fed uses this factor to establish the start/end and Wall Street tends to follow the Fed more than other "economic experts" because this is the most conservative way to define the state of the economy.

    Based on this, we are still in a recession because the last three quarters were not consecutive growth. (stagnant or no growth does not count toward either measure)

    But really it's all just numbers. Ultimately, we base our decisions on how confident WE as individuals feel about the economy. So until the consumer index begins climbing consistently again - most Americans will feel we are still in a recession whether the Fed says so or not.

    Answer by tayanna2 at 12:22 AM on Oct. 2, 2010

  • I'll go with the experts over the PBO admin. If the recession is over, why is unemployment so high? It is a case of "don't look at that explosion over there.....look at me, keep your eyes on me......every thing is ok........there's no explosion............what explosion" and then they try to convince you that what you know happened in fact - didn't.

    Answer by jesse123456 at 7:17 AM on Oct. 2, 2010

  • Show me some real growth in the manufacturing sector and I just might believe it. Until then it is all smoke and mirrors.


    Answer by yourspecialkid at 12:37 PM on Oct. 2, 2010

  • No, too many people don't have jobs and jobs aren't being created...

    Answer by agentwanda at 12:45 AM on Oct. 2, 2010

  • They made a false claim thinking they could fool some of the progressive idiots that it is true so they would vote for them.

    Answer by Carpy at 9:57 AM on Oct. 2, 2010

  • OK... 'They' say the recession is over... So, Geithner, Obama, Pelosi don't need to ask for another stimulus,then, right? Did you all hear that Geithner thinks another stimulus might be needed? Could we question if their $800 billion+ "RECOVERY and REINVESTMENT" stimulus (that didn't even hit full force till Summer of 2009)~has had a negative impact on the long term growth of America? To many Americans, the recession turned into a depression in their personal/family lives throughout America during the same time the NBER has said the recession ended....

    Answer by grlygrlz2 at 1:22 PM on Oct. 2, 2010

  • The main factor is whether the GDP has 3 CONSECUTIVE quarters of growth or decline.


    And few people realize that all of the DEMOCRATIC SPENDING SPREES are ADDED towards the GDP--artificially propping it up! When you REMOVE the federal spending andjust count the ACTUAL GDP you'll see we haven't moved a tenth of a percent forward!!

    The following article (IMO) explains in simple terms why Keynesian Economics (a liberal theory) is NOT the way to jump start our economy and get us out of this recession/depression, or whatever it is they're NOT calling it now!! UGH!

    I think it's particularly helpful since it was posted in February 2009...nothing like looking back to see how far we HAVEN'T come!


    Answer by LoriKeet at 1:01 PM on Oct. 2, 2010

  • Well, yeah, of course. The recession ended in June of 09...this is some different bad economic period (I also have a nice bridge in Brooklyn to sell you.

    Answer by lovinangels at 10:23 AM on Oct. 2, 2010

  • Nope.

    Answer by tinamatt at 7:22 AM on Oct. 2, 2010

  • Nope. At least not in my state!

    Answer by TeensMom07 at 11:54 PM on Oct. 2, 2010