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Its when the sh_t hits the fan and then the government turns the fan on High.
Then they tell us we did it.
LOL!
Actually, I think the current definition is: When there has been two or more successive quarters of shrinkage of the nation's GDP (economic ($) activity). But since it is a lookback and it takes a while for the economic spooks to calculate, it is only confirmed now that the recession started several quarters ago.
I'm a jake-leg economist meself, uh-huh! and my advice is: "SCREW IT, GO RIDE!"
A recession is when your neighbor loses his job. A depression is when you lose your job. Until we get some pollytishuns (wh$res) that are going to reduce the size of our government, we are screwed. Must ride Harley. Clear mind.
By the way, Hope ya'll have a Merry Christmas and happy New Year.
A recession is when your neighbor loses his job. A depression is when you lose your job. Until we get some pollytishuns (wh$res) that are going to reduce the size of our government, we are screwed. Must ride Harley. Clear mind.
By the way, Hope ya'll have a Merry Christmas and happy New Year.
Gov't spending represents nearly 1/2 of the total US GDP and as of 2006 employed 19,734,000 people . Be careful what you wish for. It's a very complicated issue.
Last edited by ken thompson; Dec 4, 2008 at 12:50 PM.
Actually, I think the current definition is: When there has been two or more successive quarters of shrinkage of the nation's GDP (economic ($) activity). But since it is a lookback and it takes a while for the economic spooks to calculate, it is only confirmed now that the recession started several quarters ago.
I'm a jake-leg economist meself, uh-huh! and my advice is: "SCREW IT, GO RIDE!"
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