Recession Declaired over

[Tyburn]

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.

0.1%

[J.B.]

http://www.youtube.com/watch?v=HuGIgf-ICHM

I dont believe ressecion is over until I start seeing jobs and stop hearing about bankruptcy

[Tyburn]

Originally Posted by Robertboxerboy

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

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]

I think we need more jobs. To much unemployment.

[Tyburn]

Originally Posted by Mark

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

Capitalism gone crazy

[NateR]

Originally Posted by Tyburn

Capitalism gone crazy

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.

Originally Posted by NateR

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.

[Tyburn]

Originally Posted by NateR

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....