Utopia Talk / Politics / Hey The Children!

Memory Lane Member	Wed Sep 22 13:09:00 Utopia Talk / Politics / Youre not out of recession The Children Member Mon Nov 16 15:48:51 Face the facts that you are going to fall even harder soon. The US is still in a recession. ----------------------------------------------- WASHINGTON (AP) -- The longest recession the country has endured since the Great Depression ended in June 2009, a group that dates the beginning and end of recessions declared Monday. The National Bureau of Economic Research, a panel of academic economists based in Cambridge, Mass., said the recession lasted 18 months. It started in December 2007 and ended in June 2009. Previously the longest post World War II downturns were those in 1973-1975 and in 1981-1982. Both of those lasted 16 months. The NBER decision makes official what many economists have believed for some time, that the recession ended in the summer of 2009. But it won't make much difference to most Americans -- especially the nearly 15 million without jobs. Americans are coping with 9.6 percent unemployment, scant wage gains, weak home values and the worst foreclosure market in decades. President Barack Obama saw little reason to celebrate the group's finding that the recession had ended. Appearing at a town-hall meeting sponsored by CNBC, Obama said times are still very hard for people "who are struggling," including those who are out of work and many others who are having difficulty paying their bills. "The hole was so deep that a lot of people out there are still hurting," the president said. It's going "to take more time to solve" an economic problem that was years in the making, he added. The economy started growing again in the July-to-September quarter of 2009, after a record four straight quarters of declines. Thus, the April-to-June quarter of 2009, marked the last quarter when the economy was shrinking. At that time, it contracted just 0.7 percent, after suffering through much deeper declines. That factored into the NBER's decision to pinpoint the end of the recession in June. Any future downturn in the economy would now mark the start of a new recession, not the continuation of the December 2007 recession, NBER said. That's important because if the economy starts shrinking again, it could mark the onset of a "double-dip" recession. For many economists, the last time that happened was in 1981-82. To make its determination, the NBER looks at figures that make up the nation's gross domestic product, which measures the total value of goods and services produced within the United States. It also reviews incomes, employment and industrial activity. The economy lost 7.3 million jobs in the 2007-2009 recession, also the most in the post World War II period. The Great Depression lasted much longer. The United States suffered through a 43-month recession that ended in 1933. Then, it slid back into recession, which lasted for 13 months. That ended in 1938. The NBER normally takes its time in declaring a recession has started or ended. For instance, the NBER announced in December 2008 that the recession had actually started one year earlier, in December 2007. Similarly, it declared in July 2003 that the 2001 recession was over. It actually ended 20 months earlier, in November 2001. Its determination is of interest to economic historians -- and political leaders. Recessions that occur on their watch pose political risks. In President George W. Bush's eight years in office, the United States fell into two recessions. The first started in March 2001 and ended that November. The second one started in December 2007. NBER's decision means little to ordinary Americans now muddling through a sluggish economic recovery and a weak jobs market. Unemployment is 9.6 percent and has been stuck at high levels since the recession ended. Many will continue to struggle. Unemployment usually keeps rising well after a recession ends. Four months after the 2007 downturn ended, unemployment spiked to 10.1 percent in October 2009, which was the highest in just over a quarter-century. Some economists believe that marked the high point in joblessness. But others think it could climb higher -- perhaps hitting 10.3 percent by early next year. After the 2001 recession, for instance, unemployment didn't peak until June 2003 -- 19 months later. Word of the recession's official end comes just two months before Election Day. But the decision isn't likely to play a big role in November's congressional and gubernatorial elections. Some Democrats might hail it as a sign of progress, but voters are guided by gut reactions far more than economists' pronouncements. With unemployment still hovering just below 10 percent, some Democrats have urged Obama to stop boasting about any economic progress at all. They fear it annoys people who feel things are not getting better for themselves and their neighbors, and it makes politicians seem out of touch with ordinary Americans' worries. AP Writer Chuck Babington contributed to this report. GG.
freaky boy Member	Wed Sep 22 13:14:36 so whats the next bubble then?
Sam Adams Member	Wed Sep 22 13:16:23 I hear japan is about to nanking the shit out of china again over those islands.
The Children Member	Wed Sep 22 14:31:42 This is a lie. I do not remember of posting this ever. And if youre so great, than why hide under your multi account and tell us who you really are!
Memory Lane Member	Wed Sep 22 14:33:24 "Utopia Talk / Politics / Youre not out of recession The Children Member Mon Nov 16 15:48:51 Face the facts that you are going to fall even harder soon. The US is still in a recession. " You are claiming you have not posted this? Care to retract? I'm giving you a chance.
Firestorm Phoenix Member	Wed Sep 22 14:33:46 Someone is butthurt.
Dickhead UPer Member	Wed Sep 22 14:50:12 LOL! Wow look at him run!
The Children Member	Wed Sep 22 15:02:59 This is a downright lie. A scam. If you claim I posted this, than prove it. Oh wait you cant. Who are you.
Memory Lane Member	Wed Sep 22 15:04:20 The Children Member Mon Nov 16 15:48:51 Face the facts that you are going to fall even harder soon. The US is still in a recession. ____________________________ Stocks are overvalued and the US economy is likely to fall back into a recession next year, well-known analyst Meredith Whitney told CNBC. "I haven't been this bearish in a year," she said in a live interview. "I look at the board and every single stock from Tiffany [TIF 42.99 0.75 (+1.78%) ] to Bank of America [BAC 15.86 -0.12 (-0.75%) ] to Caterpillar [CAT 60.44 1.66 (+2.82%) ] is up. But there is no fundamental rooting as to why these names are upâ??particularly in the consumer space." In a wide-ranging interview, Whitney, CEO of the Meredith Whitney Advisory Group, also said: * She was disappointed that Fed Chairman Ben Bernanke didn't spell out how the Federal Reserve planned to exit "the biggest Fed program to date, which is the mortgage-backed purchase program." In a speech earlier Thursday, Bernanke said the central bank was watching the dollar's decline but is likely to keep rates low. * The US consumer was going through the biggest credit contraction everâ??even bigger than that during the Great Depression. "That credit contraction is accelerating," she said. "There's nowhere to hide at this point." * The banking sector is not adequately capitalized and will need to raise more capital in the coming year. * The residential real estate market is likely to worsen and remains a much bigger threat problem than the commercial property market. The government's mortgage modification program won't result in any major improvement in homeowners' ability to stay above water, she added. "I don't know what's going on in the market right now because it makes no sense to me," she said. "The scariest thing about the Fed's program is that the money on the sidelines isn't going to support that asset class," she added. "So the trillion dollars of Fannie (Mae), Freddie (Mac) and mortgage-backed securities that the Fed is holdingâ??there's no substitute buyer there." Judicator Member Mon Nov 16 15:50:33 No link? The Children Member Mon Nov 16 15:58:21 Its on the front page of CNBC. What the hell do you want. A fking medal? Judicator Member Mon Nov 16 15:58:54 A link. The Children Member Mon Nov 16 16:00:42 Youre not going to get it. You will have to do with the information I gave you. Judicator Member Mon Nov 16 16:01:11 So your story means nothing. Link please? Canadian Member Mon Nov 16 16:02:35 So TC, still washing the Sunlight(TM) out of your eyes from dishwashing earlier today? Would you like a hanky? The Children Member Mon Nov 16 16:02:42 It means enough to be put on the front page of one of the biggest financial newstation! OWNED, kid. Just owned. Judicator Member Mon Nov 16 16:03:20 Then show the link or GTFO. Ninja Member Mon Nov 16 16:06:37 CNBC could easily move it off their front page any time they want. Post the link or mod please delete... The Children Member Mon Nov 16 16:07:00 For the DUMB people amongst us and we all know who they are...YOU: http://www.cnbc.com/id/33972133/comid/3#comments_top I repeat what I stated earlier: OWNED, kid. Just OWNED. Hahaha Judicator Member Mon Nov 16 16:08:37 No, you were owned. You posted the link. Thanks bitch. OWNED, son! The Children Member Mon Nov 16 16:10:01 No: "Face the facts that you are going to fall even harder soon. The US is still in a recession." ______________________ It is YOU who got OWNED, son. Xpac style, biatch. Judicator Member Mon Nov 16 16:11:06 Not disputing that. Though, you did post the link as I said for you to do. You're my bitch. Judicator Member Mon Nov 16 16:12:35 And as you continue with your delusions. Did or did you not post the link as requested by me? CrownRoyal Member Mon Nov 16 16:13:21 TC is obidient liitle biatch. Just order him around like we all do. Capowned. haha The Children Member Mon Nov 16 16:13:37 No, the US is still in recession. That makes you MY BIATCH. hahaha For your information, Meredith Whitney is one of the few who accurately predicted the crash. In other words, youre screwed, biatch. Judicator Member Mon Nov 16 16:14:26 You still obeyed me by posting the link. You're my bitch. The Children Member Mon Nov 16 16:15:50 Biatch, how does it feel to know that youre going to go down again. Any last words before the ship sinks? The UP Archivist Member Mon Nov 16 16:15:54 thread saved. TC owned. ----------------------------------------------- GG.
Memory Lane Member	Wed Sep 22 15:05:16 It appears the only liar here is yourself. /job is done
The Children Member	Wed Sep 22 15:08:42 First of all, I have absolutely no recollection of me posting that. EVER. Second of all, it wouldnt surprise me a bit if you made the entire conversation up. Third of all, even if I did post it, I was merely stating someone else's opinion, ie CNBC article/ interview of someone else. So in any case, this thread = pathetic.
Dickhead UPer Member	Wed Sep 22 15:10:35 LOL! Epic fucking pwnage! Outstanding!
Canadian Member	Wed Sep 22 15:10:50 TC, you do know that the threads here are all archived, yes?
Dickhead UPer Member	Wed Sep 22 15:13:43 *********The UP Archivist Member Mon Nov 16 16:15:54 thread saved. TC owned. **************** LOL!
The Children Member	Wed Sep 22 15:23:17 Nobody got owned for nothing, clowns. As I stated before: the entire conversation never took place. This guy made it all up because I do not have any recollection of it whatsoever. HOWEVER, I did see that he was referring to an article on CNBC. This proves that regardless, it was never my opinion but someone else's.
tumbleweed the wanderer	Wed Sep 22 15:29:10 i agree, this doesn't seem very important however your not wanting to live in China seems pretty good ownage
The Children Member	Wed Sep 22 15:30:14 I never said I would not move to China. Thats your interpretation. China > USA You would do well to remember that lol.
The UP Archivist Member	Wed Sep 22 15:31:39 http://i53.tinypic.com/105r0uo.jpg
Dickhead UPer Member	Wed Sep 22 15:34:49 "As I stated before: the entire conversation never took place. This guy made it all up because I do not have any recollection of it whatsoever. " Comedy. Fucking. Gold.
Dickhead UPer Member	Wed Sep 22 15:37:45 The screencap, the screen cap!! LOL!! What else you have?
The UP Archivist Member	Wed Sep 22 15:41:58 Various things.
miltonfriedman Member	Wed Sep 22 15:49:17 The UP Archivist has done a great service for all of us by exposing liars.
roland Member	Wed Sep 22 16:38:41 are you disputing dishcleaners make better economists than the economists?
Camaban Moderator	Wed Sep 22 17:29:49 http://www...hread?id=politics&thread=26965 Y'know, if you've got the date of when a thread was created, it's pretty easy to find.
Camaban Moderator	Wed Sep 22 17:37:33 Oh and that bug where a person could make a name identical to yours was fixed long before that. Plus, thsoe were normally a bit less complex.
Camaban Moderator	Wed Sep 22 17:41:38 >>HOWEVER, I did see that he was referring to an article on CNBC. This proves that regardless, it was never my opinion but someone else's. << This bit was: "Face the facts that you are going to fall even harder soon. The US is still in a recession. "
Camaban Moderator	Wed Sep 22 17:52:39 "No, the US is still in recession. That makes you MY BIATCH. hahaha " So was this bit.
Firestorm Phoenix Member	Wed Sep 22 18:32:38 LOL. This may be one of the great ownings of UP. At the very least, it got a hell of a laugh.
Dickhead UPer Member	Wed Sep 22 18:33:33 Is this jogging your memory now TC?
Canadian Member	Thu Sep 23 02:54:43 No, but I think this did: http://ata...hread=26965&time=1285195943133 Notice TC has been away from the board for nine hours, a new record!
miltonfriedman Member	Thu Sep 23 07:25:41 now, now, Canadian, some restaurants open late and there are lots of dishes to wash. They are not going to wash themselves, you know?
The Children Member	Thu Sep 23 09:35:26 YOU JUST GOT SELF OWNED BUNCH OF BIOTCHES!! http://www...hread=38674&time=1285252393089 Who says you are out of recession, clowns! HAHAHAHA!!! ONCE AGAIN, FORTUNE FAVORS THE BRAVE TC!!! OWNED OWNED OWNED OWNED!
General Populace Member	Thu Sep 23 09:35:36 TTT
General Populace Member	Thu Sep 23 09:36:29 "The National Bureau of Economic Research, a panel of academic economists based in Cambridge, Mass., said the recession lasted 18 months. It started in December 2007 and ended in June 2009. " LOL!
miltonfriedman Member	Thu Sep 23 09:37:12 See? Now Chinkdren's shift is over, he has come back to give us more hilarity.
Canadian Member	Fri Sep 24 13:58:17 I do, but I thought he got fired?
Dickhead UPer Member	Fri Sep 24 15:01:48 Uh oh, TC MIA....again.
Camaban Moderator	Mon Sep 27 05:09:57 Been quiet for quite a while...
Judicator Member	Wed Sep 29 00:08:32 Too quiet.
Canadian Member	Wed Sep 29 02:09:22 Maybe his mom hired him back?
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