Is everybody feeling as good about this as I am?

http://news.yahoo.com/s/ap/20100920/ap_on_bi_ge/us_end_of_recession



So who gets the credit? And I guess this means we can cancel the stimulus and save billions!

Wow, we can dance in the streets. What about jobs? What about housing? What about money to live on? Oh darn, well we have to be happy because they tell us that the unemployment problem doesn't exist, our homes haven't lost most of the value they had, everything is wonderful in La La land. Oh goody.

The recession is over. Wayne warned us that without the stimulus funding that did nothing to create any jobs, we would have not only had a recession, but gone into a deep depression. Now I have to believe again in the tooth fairy, oh that ties into the other post doesn't it? Fairies, sexual preferences and identity.

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BODY PIERCING BY MODEL 1911

I don't invest in Gold, I invest in lead.

Affiliate Site: http://www.AHWbound.com

Perfect timing for the "re-election candidates" to come out and tell their constituents that "they" contributed to bringing this country out of the longest recession in history.

I wonder how the millions of unemployed will believe that story and how they will likely vote?

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"...I am the master of my fate. I am the Captain of my soul."

William Ernest Henley

ya..if she was honest about her articles:

What if reporters hunting and pecking for happy economic news are playing up incomplete government reports? Take this AP story by Jeannine Aversa on hopes rising over jobless claims:

The number of people signing up for unemployment benefits dropped to the lowest level in two months, an encouraging sign that companies aren't resorting to deeper layoffs even as the economy has lost momentum.

The Labor Department reported Thursday that new claims for unemployment aid plunged last week by a seasonally adjusted 27,000 to 451,000. Economists had predicted a much smaller decline of just 2,000.

But wait, we have an asterisk alert: did the Labor Department really get data from all 50 states? Bloomberg News explained, ahem, that nine states did not report actual numbers:

For the latest reporting week, nine states didn’t file claims data to the Labor Department in Washington because of the federal holiday earlier this week, a Labor Department official told reporters. As a result, California and Virginia estimated their figures and the U.S. government estimated the other seven, the official said.

There's nothing wrong with reporting the Labor Department estimates -- but every story ought to include the missing-states paragraph in their stories, and reporters ought to restrain their "hopes rise" talk considering the incompleteness of the reporting. This Aversa story (or at least this version) doesn't have that information.

Read more: http://newsbusters.org/blogs/tim-graham ... z105lJIyts

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In the beginning of a change, the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot.” – Mark Twain -

Sure doesn't feel like it with my company. In fact for us, it is slower than during the official recession.

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Your American President, Richard Milhouse Obama.

This is why laymen should not discuss economics.....they don't understand the technicalities and make silly observations. the end of a recession does not mean that the economy is back where it started before heading into recession, it simply means that the economy is in recovery. Kind of like after a person has an operation....they go into recovery, the operation is over but the patient still hurts and there is still a long way to go before that patient is back where they were before the operation.

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Aut inveniam viam aut faciam

Archer:

Being the Economics expert can you show us any indication the the recession is ACTUALLY over? If tomorrow the news says that some economic indicator is down beyond expectations of the so-called experts, are we allowed to laugh at this news then?

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BODY PIERCING BY MODEL 1911

I don't invest in Gold, I invest in lead.

Affiliate Site: http://www.AHWbound.com

I still like the populist view of recessions and depressions. If your neighbor loses their job & house, it is a recession. If you lose your job & house, it is a depression.
With a record number of foreclosures & unemployed, I think this counts as a recession.

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Your American President, Richard Milhouse Obama.

carry on.....obviously the economists are wrong and you guys are right.....kinda how you handle every discussion here, you are the experts and everyone else be damned......which is why many of us avoid these discussions.....

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Aut inveniam viam aut faciam

We just had a big layoff last week at my company. My DH's business has slowed to almost a stop in the past 2 months. There was a bit of a rush, and now, almost nothing.