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Recession ended in June 2009

BeAChooser said:
I'll be sure to point that out the next time you accidently post a faulty link.
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zoooom right over your head...


It wasn't the bad link it was that you asked what people thought it meant rather then saying what you think it signifies
 
lomiller said:
Now, per my post above what exactly do you think it means that the economy sucked until Republicans were voted out of the White House and turned around once democrats passed a stimulus bill?
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LOL!

http://www.weeklystandard.com/articles/tax-hikes-cometh

Let’s examine what the 111th Congress has accomplished so far. There was a $1 trillion stimulus bill that failed to jumpstart the economy. There was a $1 trillion health care overhaul that the public did not want. There was a financial bill that gave huge amounts of power to unelected regulators. And now, for their final trick, the Democrats who run Congress have decided to leave Washington without doing anything to prevent the largest tax increase in history. God only knows what they are planning for an encore.
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http://heritageforamerica.org/2010/09/release-heritage-action-launches-campaign-to-save-876000-jobs/

SEPTEMBER 21, 2010

The largest tax increase in American history is just 70 days away. Unless Congress acts to prevent all of those tax increases, 876,000 jobs could be lost. … snip …

According to new research by The Heritage Foundation, allowing taxes to increase on small businesses, families and investments will destroy hundreds of thousands of jobs and empower the government to seize more than $511 billion directly from the American people.
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TraneWreck said:
How does an unsupported, factually incorrect opinion piece negate the actual data?
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Ironically BaC provided the very data he's trying dodge. Not only that he provided it, insisted we comment, then tried to change the subject when I did!
 
lomiller said:
Ironically BaC provided the very data he's trying dodge. Not only that he provided it, insisted we comment, then tried to change the subject when I did!
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But he did use a lot of "LOL"s, so he's got that going for him.
 
lomiller said:
Ironically BaC provided the very data he's trying dodge. Not only that he provided it, insisted we comment, then tried to change the subject when I did!
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There's such a thing as burying someone in evidence. Lawyers will do it as an attempt to win an argument. I do not think it is BaC's goal for anyone to actually read his sources.
 
They're totally different from my credible sources, such as doriangrayisalwaysright.com
 
Yeah, right--the recession ended a year ago.
Meanwhile, 800 jobs lost in New Orleans (Well-paying, high-tech) this month, with 600 more to likely follow, coupled with 60 (6%) from Piper, 700 From Cessna, and 350 from Hawker-Beech, Aerospace is pretty dead. Looks like recovery to me...
The company completed laying off about 800 shuttle program employees this month, leaving about 600 whose futures are tenuous.
Lockheed Martin said most of those remaining are working on a component for the Constellation program -- which Congress wants to get rid of -- and providing launch and landing services for the soon-to-be-discontinued shuttle program.
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http://www.businessweek.com/ap/financialnews/D9IIEGPG0.htm
 
rwguinn said:
Yeah, right--the recession ended a year ago.
Meanwhile, 800 jobs lost in New Orleans (Well-paying, high-tech) this month, with 600 more to likely follow, coupled with 60 (6%) from Piper, 700 From Cessna, and 350 from Hawker-Beech, Aerospace is pretty dead. Looks like recovery to me...



http://www.businessweek.com/ap/financialnews/D9IIEGPG0.htm
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Without getting into a discussion of whether the Recession is over or not.....

The Space Shuttle jobs would have gone recession or not recession with the drawing down of the Shuttle Program.
Same thing happened to the Aero Space industry in the early 70's with the termination of the Apollo program.
Aerospace has always been sort of a boom or bust industry.
You can make a case for the Light Aviation jobs beind a by prodcut of the recession..though.
 
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I think we are hung up on the difference between the technical academic definition of Recession and the popular use of the term.
 
Deleted because I thought there was a discussion when I posted it, but then I read the rest of the thread.
 
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dudalb said:
Without getting into a discussion of whether the Recession is over or not.....

The Space Shuttle jobs would have gone recession or not recession with the drawing down of the Shuttle Program.
Same thing happened to the Aero Space industry in the early 70's with the termination of the Apollo program.
Aerospace has always been sort of a boom or bust industry.
You can make a case for the Light Aviation jobs beind a by prodcut of the recession..though.
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GA is suffering due to the recession, indeed. It didn't help with the congresscritters getting all bent out of shape over the "Big 3" guys flying into DC for the hearings on corporate jets. That hurt.
Generally, if business is booming, corporations are flying GA (Biz-jets) to get things done. If it's bad, they fly commercial.
All the GA jobs eliminated over the past 2 years have been biz-jet relater. Piper was (is) doing a light jet, Cessna and Hawker-Beech the same
Only one doing much good is Gulfstream--and the G650 is long-range plus they had a lot of orders prior to the fit hitting the shan...
 
Whatever. Keep singing loudly to avoid the reality of the situation. I don't care how academics define anything:

http://finance.yahoo.com/family-hom...ry-looks-like-recession?mod=family-love_money

Some of you sound like holocaust deniers. The recession, which is nearly (and may still collapse further into) a depression, actually exists and sounds like it may be here for nearly a decade if not longer. As usual, I was wrong when I warned of the situation that was unfolding two years ago only to be hushed and scoffed at. For my next prediction.... ;)

Just to add: a good indicator of how dire the situation is: Walmart, a multi-billion dollar, multi-national, mega-force super company is now curtailing employee hours due to distended sales figures. Full timers are now working under 40 hours per week and part timers (like me - yes, an E/M designer with years of experience and a computer programmer of two decades can only find work at Walmart) are getting less than 33 hours/week, sometimes 20 or less. This isn't enough income to afford to live on a park bench. You might wake up eventually.
 
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kuroyume0161 said:
Some of you sound like holocaust deniers. The recession, which is nearly (and may still collapse further into) a depression, actually exists and sounds like it may be here for nearly a decade if not longer.
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Only if you don't know (and don't care) what "recession" means.

When the firemen put their hoses away and drive back to the station, the fire is out. That's not the same as your house being rebuilt.
 
The latest monthly employment numbers were also not very good. Although the U3 number was stagnant at 9.6% --- not a good thing in and of itself --- the U6 number took a big jump from 16.7% to 17.1%. Many who are employed are severely underemployed, which makes me suspect of this 800,000+ private jobs claim. Over the span in which they have been tallied, given the large percentage of temporary/part-time jobs, just how many of those jobs were taken by someone who was laid off after a few months and then re-hired at another temp job soon afterword? Thus having added two job counts from just one person.
 
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drkitten said:
Only if you don't know (and don't care) what "recession" means.

When the firemen put their hoses away and drive back to the station, the fire is out. That's not the same as your house being rebuilt.
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Okay then. What do we call it when unemployment (of a population of over 300,000,000!!!!) is estimated at 9.6% *(with good information that it is much higher) and another 10 to 20% is underemployed (moi included), housing sucks, industry sucks, business sucks, businesses are vacant (and this is both from anecdotal and gathered evidence), poverty levels are on the increase, a record number of people are on food stamps, wages haven't increased while cost of living has nearly doubled, the world sucks, and we need to blow up the planet!? ;D

It is assuredly not 'recovery' by any measure (except for the rose-tinted-glass-wearing, bloated fat-cats who are already rich and don't care).
 
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kuroyume0161 said:
Okay then. What do we call it when unemployment (of a population of nearly 400,000,000!!!!) is estimated at 9.6% *(with good information that it is much higher) and another 10 to 20% is underemployed (moi included), housing sucks, industry sucks, business sucks, businesses are vacant (and this is both from anecdotal and gathered evidence), poverty levels are on the increase, the world sucks, and we need to blow up the planet!?
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An L-shaped recovery.
 
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