Great, Depression!

[Major Robert Dump]

Are some people here serious when thy say the "recession" has been caused by the media? I understand that some things can be over-reported, but I fail to see how they caused banks and automakers to bottom out, and as I recall the Whitehouse was playing damage control (stimulus checks, anyone?) long before any reports of recession were being sounded.

Instead, I blame the recession on California, Arizona, Colorado and Florida, where the vast majority of the foreclosures have happened. I think those states should be foreclosed and sold.

I also blame the minimum wage increase for the collapse of banks and automakers.

And I blame my mother-in-law for the war in Iraq.

[a completely inoffensive name]

...

[Vuk]

Are some people here serious when thy say the "recession" has been caused by the media? I understand that some things can be over-reported, but I fail to see how they caused banks and automakers to bottom out, and as I recall the Whitehouse was playing damage control (stimulus checks, anyone?) long before any reports of recession were being sounded.

Instead, I blame the recession on California, Arizona, Colorado and Florida, where the vast majority of the foreclosures have happened. I think those states should be foreclosed and sold.

I also blame the minimum wage increase for the collapse of banks and automakers.

And I blame my mother-in-law for the war in Iraq.

What started it?
Why was it fanned into an international crisis?

“You never let a serious crisis go to waste. What I mean by that is it’s an opportunity to do things you couldn’t do before.” -- Obama Chief of Staff Rahm Emanuel

Just like with the Great Depression, a way for liberals to get their harmful agenda through, that people otherwise would be to smart to let happen.
'nough said.

[LittleGrizzly]

Just like with the Great Depression, a way for liberals to get their harmful agenda through, that people otherwise would be to smart to let happen.
'nough said.

The opposite CT, one i do wonder about these days, is that recessions are a way for the richest to control ever greater portions of the worlds resources, and generally they mostly do seem to benefit from them in the long run, whereas recessions have prompted political movements towards and away from left wing policy...

[Lemur]

Vuk, let us know if you can find any evil in America that doesn't have teh librals behind it.

Read a very reassuring blog here, worth your time. Useful graphic:

[Strike For The South]

Ah yes, I'm sure everyone remembers the great stimulus package of '57

[Xiahou]

Read a very reassuring blog here, worth your time. Useful graphic:

Now that graph, I think, is more informative. Looks like we've still got a ways to go before a depression and even then, it'd just be a good one, not a great one.

[Fragony]

Heard a great line, en economist is someone who can explain why his predictions were wrong.

[Spino]

Heard a great line, en economist is someone who can explain why his predictions were wrong.

Waka waka waka.