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View Full Version : Recession Declaired over


Tyburn
01-26-2010, 10:07 PM
The G20...which are a group of the top twenty largest/powerful Nations are now all out of recession.

The last one announced growth this Morning.

The United Kingdom gleefully reported that it has seen growth in its Economy.

:laugh:0.1% :laugh:

J.B.
01-27-2010, 04:13 PM
http://www.youtube.com/watch?v=HuGIgf-ICHM

Robertboxerboy
02-03-2010, 04:03 AM
I dont believe ressecion is over until I start seeing jobs and stop hearing about bankruptcy

Tyburn
02-03-2010, 12:15 PM
I dont believe ressecion is over until I start seeing jobs and stop hearing about bankruptcy

its all technical...all it means is that each economy has seen growth...the growth is minute...so it doesnt feel any different :laugh:

County Mike
02-03-2010, 01:02 PM
We didn't drop into a recession overnight and we won't get out overnight either. It's not over. It may be showing some signs of improvement, but it's far from over.

I think the "experts" are just trying to raise confidence, which could help bring us out if it makes people start spending again and give the economy a boost.

Mark
02-05-2010, 02:27 PM
I think we need more jobs. To much unemployment.

Tyburn
02-05-2010, 07:24 PM
I think we need more jobs. To much unemployment.

Indeed! but in England the laugh of it is, Companies are downsizing in order to escape the costs, in the same way as a family might tighten its belt to save money....

...bear in mind the jobs dont usually dissapear...they end up with less staff, doing more work, but paid the same rate. the whole system is gross and shameful. In England sometimes you can get almost my size wage on benefits!! So why am I working...AND losing nearly a quarter in tax :huh:

Capitalism gone crazy :blink:

NateR
02-05-2010, 07:37 PM
Capitalism gone crazy :blink:

Actually, it's more like capitalism being restricted by socialist government policies that is causing all these problems.

If the US government hadn't forced banks to give out bad home loans to credit risks, then we would never have had the housing market crash. It was the Progressive Socialist ideal that "every American is entitled to own a home" that caused the economic crisis we are in right now. For the Liberals to be blaming it on President Bush is just the pot calling the kettle black.

I think the US' problem is that we currently have an incompetent President who has no idea how to create jobs and instead just falls back on his failed Liberal ideologies.

CAVEMAN
02-05-2010, 07:44 PM
Actually, it's more like capitalism being restricted by socialist government policies that is causing all these problems.

If the US government hadn't forced banks to give out bad home loans to credit risks, then we would never have had the housing market crash. It was the Progressive Socialist ideal that "every American is entitled to own a home" that caused the economic crisis we are in right now. For the Liberals to be blaming it on President Bush is just the pot calling the kettle black.

I think the US' problem is that we currently have an incompetent President who has no idea how to create jobs and instead just falls back on his failed Liberal ideologies.

:applause::applause::applause::applause::applause:

Tyburn
02-05-2010, 08:35 PM
Actually, it's more like capitalism being restricted by socialist government policies that is causing all these problems.

If the US government hadn't forced banks to give out bad home loans to credit risks, then we would never have had the housing market crash. It was the Progressive Socialist ideal that "every American is entitled to own a home" that caused the economic crisis we are in right now. For the Liberals to be blaming it on President Bush is just the pot calling the kettle black.

I think the US' problem is that we currently have an incompetent President who has no idea how to create jobs and instead just falls back on his failed Liberal ideologies.

Rubbish...The Government didnt force the banks...the banks did it on their own accord...and it did happen under Bush....but I dont believe the government had anything to do with it..why would they put themselves up to bail out the banks??

No...the recession was caused by Greed first, and Distrust second. There were two forms of Greed...the first was the Banks, the Second was the American Sub Prime Market. Then came the mistrust and the runs on certain banks which caused their collapse, which led to more mistrust, more collapses, and then like a knock on effect it hit everything, and began to spread out of the U.S and into Europe

THANK GOD, President Bush stopped the spiral when he did...despite the pleas to avoid a bail out of banks, from certain other Americans who showed little regard for the wellbeing of the rest of the world....:ninja::laugh:

NateR
02-05-2010, 08:38 PM
Rubbish...The Government didnt force the banks...the banks did it on their own accord...and it did happen under Bush....but I dont believe the government had anything to do with it..why would they put themselves up to bail out the banks??

Try learning a few facts before responding. The government forced banks to give out bad home loans.

Why? Well, we can only speculate, but I firmly believe that is the Liberals' goal to destroy the US economy from the inside out so they can replace it with their version of socialism.

Tyburn
02-05-2010, 08:47 PM
Try learning a few facts before responding. The government forced banks to give out bad home loans.

Why? Well, we can only speculate, but I firmly believe that is the Liberals' goal to destroy capitalism from the inside out so they can replace it with their version of socialism.

please try me with some of your speculation :laugh: but be warned this wasnt about lending money to people who couldnt pay it back...it was more about repackaging certain kinds of bonds and passing them off...of course with all your facts, I do expect a very detailed analysis of what exactly caused the wall street wobble. Enlighten me Mr Rosario :)

Sooo...you want to prevent Socialism in this world :huh:

Why then were you against a bank bail out...after all, surely you understood what would happen to the rest of the world :huh: large scale mergers, Governments in control of multi-national banks...it has happened in some areas...what people with YOUR opinion did by stalling the original bail out caused the biggest breeding ground for Socialism in areas which have been your staunch supporters

pity YOU didnt check out the "facts" isnt it, on that one...do you realize that damage that would have been done had the government listened to you?

NateR
02-05-2010, 08:58 PM
please try me with some of your speculation :laugh: but be warned this wasnt about lending money to people who couldnt pay it back...it was more about repackaging certain kinds of bonds and passing them off...of course with all your facts, I do expect a very detailed analysis of what exactly caused the wall street wobble. Enlighten me Mr Rosario :)

Sooo...you want to prevent Socialism in this world :huh:

Why then were you against a bank bail out...after all, surely you understood what would happen to the rest of the world :huh: large scale mergers, Governments in control of multi-national banks...it has happened in some areas...what people with YOUR opinion did by stalling the original bail out caused the biggest breeding ground for Socialism in areas which have been your staunch supporters

pity YOU didnt check out the "facts" isnt it, on that one...do you realize that damage that would have been done had the government listened to you?

Ooooo, bold type... so intimidating... :rolleyes: You're like a child who no one pays attention to, so he just starts screaming louder and louder.

I'm just stating the truth here, you believe whatever you want.

Tyburn
02-05-2010, 09:44 PM
I'm just stating the truth here, you believe whatever you want.

Just show me something that links the Bush Government, to the Banks (apart from the bail-out) Surely you can at least provide some kind of evidence..is there no news report...no documentary...Some act of Congress that forced the banks to do what they did???

Thats not how I understood it happened, at all...but if you actually have the "facts" to back your claim up, go ahead and show me... I will share what I know, if you share what you know.

I assume you werent just bashing liberals without some "facts" otherwise that would make you entirely hypocritical in your response to me wouldnt it, about learning facts :huh:

Its not good to knowingly call a deciet, "truth" Nathan. So back your argument up. I have no problem in backing my version of events :)