The average length of a US recession?

The average length of a US recession?

Posted in the Minneapolis Forum

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JTY

Since: Sep 08

Minneapolis, MN

#1 Jul 25, 2012
The answer is 13 months, yet 42 months later Obama and his Obamabots are still blaming Bush. When will they grow up? They were crediting Obama for the mini recovery we were having, but as soon as things start to drop off, it is back to "Bush's fault".

The best part is how the last two years of the Bush admin, fiscal policy and spending was mostly the result of the Democrat controlled congress. I have yet to see Obama mention that in his explanations on how it is not his fault.

Since: Sep 11

Champlin, MN

#2 Jul 25, 2012
I'd like to know how the "powers that be" have determined that the recession is over?
Fred

Saint Paul, MN

#4 Jul 26, 2012
Seems to me that we had the "Summer of Recovery" two years ago where Obama and Biden went around the counrty declaring victory over the recession.

Obama, Biden declare 'Recovery Summer'

By MIKE ALLEN | 6/17/10 5:06 AM EDT

Vice President Joe Biden today will kick off the Obama administration’s “Recovery Summer,” a six-week-long push designed to highlight the jobs accompanying a surge in stimulus-funded projects to improve highways, parks, drinking water and other public works.

David Axelrod, a senior adviser to the president, said:“This summer will be the most active Recovery Act season yet, with thousands of highly-visible road, bridge, water and other infrastructure projects breaking ground across the country, giving the American people a first-hand look at the Recovery Act in their own backyards and making it crystal clear what the cost would have been of doing nothing.”

http://www.topix.com/forum/city/minneapolis-m...

I bet the 15% of the US population classified as unemployed or underemployed are thankful to Obama for being "focused like a laser on job creation" when he is not on the golf course or at a fund raiser with rich white folk.
Fred

Saint Paul, MN

#5 Jul 26, 2012
The correct link for above is: http://www.politico.com/news/stories/0610/386...
goose

Wheaton, IL

#6 Jul 26, 2012
JTY wrote:
The answer is 13 months, yet 42 months later Obama and his Obamabots are still blaming Bush. When will they grow up? They were crediting Obama for the mini recovery we were having, but as soon as things start to drop off, it is back to "Bush's fault".
The best part is how the last two years of the Bush admin, fiscal policy and spending was mostly the result of the Democrat controlled congress. I have yet to see Obama mention that in his explanations on how it is not his fault.
The other long recession was FDR. Some have said for the same kind of reasons as this time.

JTY

Since: Sep 08

Lincoln, NE

#7 Jul 26, 2012
Seattle Slew wrote:
<quoted text>Seems like ANYONE FAIR would give Obama more time, since Bushwhacker had 8 years, record filibusters, and Mitt head outsourcers haven't helped, right ??? Oh yeah, you're 1,2, 4 boi, so you're clearly CLUELESS... LMAOROTFu ~! Btw- Is an average time independent of variables ???
Obama has had almost an entire 4 year presidential term yet needs more time? Romney hasn't worked at Bain since before Bush became president, yet you are now blaming him as well? With all the blame you are tossing out, where does the Democrat near congressional supermajority from 2007-2011 fit?
Serious

Savage, MN

#8 Jul 26, 2012
More time for Obama??

Let's see the damage so far, record debt, unemployment, poverty, food stamps usage,

You didn't earn that!
Smiley Slew

Seattle, WA

#9 Jul 26, 2012
Personally, I think he's doing fine, as we speak.... I also see Rmoney's signature on Bain documents in 2002.. Romney was involved in Bain's dealings far longer than he claims. From signatures on Securities and Exchange Commission filings to his own sworn testimony, this body of proof reveals how Romney's fingerprints lingered on Bain transactions well into 2002, even while he was managing the Olympics.
Fred

Clearwater, MN

#10 Jul 26, 2012
Interesting comments.

Serious: "Let's see the damage so far, record debt, unemployment, poverty, food stamps usage,"

Sludge: "Personally, I think he's doing fine,"

I have no doubts that the Chicken Slew thinks it is fine to have record debt, record unemployment, record food stamp usage, record poverty, and record dependence on the government for survival.
Smiley Slew

Seattle, WA

#11 Jul 26, 2012
Seems like you forgot the reason we're here... BUSHWHACKING comes to mind.....Yeah, WE GET partisan putzes pretend the past doesn't count, funny the bills still exist, right rhetoric/buggered boi ??? LMAOROTFU~!
Consistent

Grantsburg, WI

#12 Jul 26, 2012
Smiley Slew wrote:
Seems like you forgot the reason we're here... BUSHWHACKING comes to mind.....Yeah, WE GET partisan putzes pretend the past doesn't count, funny the bills still exist, right rhetoric/buggered boi ??? LMAOROTFU~!
The pain inside your Multiple Minds must be unbearable.......Nobody can be as ignorant and ridiculas as you without it causing some pain. Nobody would post the garbage that thier Psychotic minds spew if they had any sense of the extent of thier illness.

What everyone that has ever known you throughout your life has said "You are one sick individual", was not nice. But the truth often is not nice.

Serve Humanity and Yourself and take the big trip to The Light!

JTY

Since: Sep 08

Lincoln, NE

#13 Jul 26, 2012
Smiley Slew wrote:
Seems like you forgot the reason we're here... BUSHWHACKING comes to mind.....Yeah, WE GET partisan putzes pretend the past doesn't count, funny the bills still exist, right rhetoric/buggered boi ??? LMAOROTFU~!
Slew, if it was Bush's fault then surely you can list what policies he enacted that is responsible for today's economic problems?

P.S. Are you saying the policies of the Democratic controlled congress of 2007-2008 holds no responsibility and that it was all Bush?
Seattle Slew

Seattle, WA

#14 Jul 26, 2012
I'm thinking illegal war, housing crisis, saving & loan debacle, unfunded medicare, & poor leadership.. Now make your partisan excuses, poorly putz...

JTY

Since: Sep 08

Lincoln, NE

#15 Jul 26, 2012
Seattle Slew wrote:
I'm thinking illegal war, housing crisis, saving & loan debacle, unfunded medicare, & poor leadership.. Now make your partisan excuses, poorly putz...
Only two presidents had illegal wars in the last 20 years, one was Clinton and the other was Obama. As far as war spending, you do realize that war spending actual boosted the economy, don't you?

Show how Bush is responsible for the housing crisis and the Democrats were blame free.

Savings & Loan was from the late 80's early 90's. If you are talking about the banking crisis, that was part of the housing crisis. We are about to have a 2nd banking crisis under Obama, does that make it Obamawacking?

How does Medicare under Bush impact our current economic situation 42 months later?!?!

Come on Slew, you can do better than that. Plus you failed to show how any of these are responsible for our current fiscal problems.

P.S. The issue isn't if Republicans or Bush hold any responsibility, the issue is how Obama and the Dems can claim a complete lack of responsibility.
Seattle Slew

Seattle, WA

#16 Jul 26, 2012
A survey of forty economists from across the ideological and partisan spectrum has concluded that on some of its most cherished issues, the Republican Party has simply taken leave of economic reality. For instance, economists Betsey Stevenson and Justin Wolfers noted that one of the results from the survey — run by the University of Chicago’s Booth School of Business, which is hardly known for a left-wing slant — is an overwhelming agreement that the 2009 Recovery Act (i.e. the stimulus) brought down unemployment. But GOP leaders have spent years roundly denouncing the stimulus as a failure:

And while there was a bit more disagreement as to whether the benefits of the stimulus bill outweighed its costs, the bulk of the economists surveyed came down in the “Agree” or “Strongly Agree” camps. Other points from the survey’s respondents worth noting:

The nation needs new revenues. Contrary to nearly every Republican, the economists overwhelmingly agreed that the federal budget deficit cannot and should not be closed without increased tax revenue.

No gold standard. They roundly rejected the belief that a return to the gold standard would stabilize prices or lower unemployment. Enthusiasm for the gold standard made a significant comeback in Republican circles during the presidential primaries.

The “Laffer Curve” won’t help. Virtually all of them rejected the notion that cutting income tax rates would actually increase total tax revenue in future years.

Rethink the drug war. The respondents were also generally in favor of softer approaches to the nation’s drug problem.

While there were a few survey results that could be interpreted as hard on progressive causes as well, none struck at their heart in the same way as the positions taken on core Republican beliefs.
Seattle Slew

Seattle, WA

#17 Jul 26, 2012
JTY wrote:
<quoted text>
Only two presidents had illegal wars in the last 20 years, one was Clinton and the other was Obama. As far as war spending, you do realize that war spending actual boosted the economy, don't you?
Show how Bush is responsible for the housing crisis and the Democrats were blame free.
Savings & Loan was from the late 80's early 90's. If you are talking about the banking crisis, that was part of the housing crisis. We are about to have a 2nd banking crisis under Obama, does that make it Obamawacking?
How does Medicare under Bush impact our current economic situation 42 months later?!?!
Come on Slew, you can do better than that. Plus you failed to show how any of these are responsible for our current fiscal problems.
P.S. The issue isn't if Republicans or Bush hold any responsibility, the issue is how Obama and the Dems can claim a complete lack of responsibility.
Son, making demands of a guy you lie to/about daily...well, perhaps you need help... That's my advice to you...
Fred

Clearwater, MN

#18 Jul 26, 2012
Advice from someone so bad off they got fired from the Post Office????

Good one Sludge.
Seattle Slew

Seattle, WA

#19 Jul 26, 2012
Advice from someone you continue to claim was fired, who wasn't you mean COWARD ??? LMAOROTFU~! Love your "proof" standard", it's lower, than you IQ wet bed fred ~! LMAOROTFu~!
Fred

Clearwater, MN

#20 Jul 26, 2012
Seattle Slew wrote:
A survey of forty economists from across the ideological and partisan spectrum has concluded that on some of its most cherished issues, the Republican Party has simply taken leave of economic reality. For instance, economists Betsey Stevenson and Justin Wolfers noted that one of the results from the survey — run by the University of Chicago’s Booth School of Business, which is hardly known for a left-wing slant — is an overwhelming agreement that the 2009 Recovery Act (i.e. the stimulus) brought down unemployment. But GOP leaders have spent years roundly denouncing the stimulus as a failure:
And while there was a bit more disagreement as to whether the benefits of the stimulus bill outweighed its costs, the bulk of the economists surveyed came down in the “Agree” or “Strongly Agree” camps. Other points from the survey’s respondents worth noting:
The nation needs new revenues. Contrary to nearly every Republican, the economists overwhelmingly agreed that the federal budget deficit cannot and should not be closed without increased tax revenue.
No gold standard. They roundly rejected the belief that a return to the gold standard would stabilize prices or lower unemployment. Enthusiasm for the gold standard made a significant comeback in Republican circles during the presidential primaries.
The “Laffer Curve” won’t help. Virtually all of them rejected the notion that cutting income tax rates would actually increase total tax revenue in future years.
Rethink the drug war. The respondents were also generally in favor of softer approaches to the nation’s drug problem.
While there were a few survey results that could be interpreted as hard on progressive causes as well, none struck at their heart in the same way as the positions taken on core Republican beliefs.
The Sludge is still the biggest plagiarizer on Topix.

http://thinkprogress.org/economy/2012/07/25/5...

ThinkProgress? Why not just go to the web site for the Communist Party of the United States? You will get a more honest approach than you will get from ThnkProgress.

In looking at the 40 panelists for the survey, I can not identify one Conservative in the bunch. I can easily say that better than 50% of the economists on that panel are academic elitists with a definitive Leftist bent.

http://www.igmchicago.org/igm-economic-expert...

JTY

Since: Sep 08

Lincoln, NE

#21 Jul 26, 2012
Seattle Slew wrote:
<quoted text>Son, making demands of a guy you lie to/about daily...well, perhaps you need help... That's my advice to you...
I have asked you many time to provide a single instance of me lying. With dozens of them per day, that should be simple, right?

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