SUB-PRIME NATION: ARE WE IN A RECESSION YET ?

choices : news related : SUB-PRIME NATION: ARE WE IN A RECESSION YET ?

[+] serious ballot by thesoothsayer
ACTIVE Thu Oct 02, 08 - Fri Oct 02, 09
I made a Ballot in January asking this question, and I want to pose it to the "audience" once again... are we there yet ? Based on current events...

Yes, we are in a recession
Recession ? We skipped that and is going straight into a depression
No, we are not in a recession yet
No, but we are getting there...
Things are not as bad as they seem
The honeymoon is over
No, Only if there is 2 negative quarters of growth.

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Ballot #130772 : SEE RESULTS

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COMMENTS:
***see ballot #122511 ***

by thesoothsayer on Thu Oct 02, 08 12:47pm [+]

Voted : Things are not as bad as they seem
2000-2007: 32
1990-1999: 925
1980-1989: 2,036
1970-1979: 79
1960-1969: 44
1950-1959: 28
1940-1949: 99
1934-1939: 312

by nuckinfutz on Thu Oct 02, 08 12:49pm [+]

^ That's bank failures by decade.

by nuckinfutz on Thu Oct 02, 08 12:50pm [+]

Haven't you been listening? The economy is strong!!!

by ClosetIguana on Thu Oct 02, 08 1:01pm [+]

You mean... fundamentally ?

Keep in mind those bank failures didn't add up to a trillion did they, that's how much was lost in just one day when the bailout vote failed...

by thesoothsayer on Thu Oct 02, 08 1:50pm [+]

Actually, that alone added up to maore than 1.3 trillion dollars...

by thesoothsayer on Thu Oct 02, 08 1:52pm [+]

soothy, where'd you get that smiley icon? I love it.

by mojo on Thu Oct 02, 08 2:46pm [+]

Voted : Yes, we are in a recession

by UncleRandy on Thu Oct 02, 08 5:06pm [+]

Voted : Yes, we are in a recession
But the "experts" in D.C. have the sheeple cowed into disbelieving this by tossing out the textbook definition of a recession, which the current sitch doesn't meet. IMO, the model needs to be redefined.

by Truthseeker013 on Fri Oct 03, 08 5:33am [+]