Positives of the Bush Recession

[aft_lizard01]

Originally Posted by Binky Bainbridge

From Times Online

March 3, 2008
Warren Buffett declares America in recession
Suzy Jagger and Dearbail Jordan

Warren Buffett, the billionaire investor, today declared that the United States was in a recession as he withdrew an offer to bail out the increasingly troubled bond insurance industry.

Mr Buffett, the world's third-richest man, said that "from a commonsense standpoint right now we're in recession", despite the fact America had yet to report two consecutive quarterly falls in gross domestic product, the technical definition of a downturn.

He conceded that the economic environment was "nothing like '73 or '74", when the US was in recession and inflation reached 12.1 per cent, but he said that investors should not rule out the possibility of a severe downturn.
Evidence that the recession in residential construction has spread across America's entire building industry emerged today after official numbers showed a sharp slowdown in public and corporate projects.

Construction spending overall in January dropped 1.7 per cent, far worse than Wall Street's expectations of a 0.7 per cent decline. However, for the first time in two years, non-residential and public sector building - which includes new hospitals and office blocks - shrank 1.2 per cent.

The grim construction data suggests that the credit crisis which erupted last summer has hit company spending, spilling over from the financial sector across corporate America as a whole.

Full story: Warren Buffett declares America in recession - Times Online

But I guess if George W says theres no recession, theres no recession!! Always believe a man who's good with numbers!!

Wow that story completely left off where Buffet says: "This is not a field of specialty for me"
Which is true, look at what he did to California when he advised the governor on economics there.

[Made in the USA]

Originally Posted by jeezeweeze

Linens 'n Things Seeks Chapter 11

Free Preview - WSJ.com

Damn, now where an I gonna get those "doilies"?

[jeezeweeze]

Originally Posted by Made in the USA

Damn, now where an I gonna get those "doilies"?

Your gonna have to learn to crochet.

[Made in the USA]

You mean all I gotta do is to get a "crow"???

[jeezeweeze]

Of course .....
Just be careful its not one of those "eat crow's"......

[Outofdodge]

Originally Posted by aft_lizard01

BTW Unemployment has dropped today, so with this bad recession we have GDP growth, lower unemployment, dollar revaluation, and lower crude speculation costs. We are doomed.

Ain't it amazing that Thomas Jefferson's words are still valid today.

Unemployment claims dropped unemployment did not. Remember the unemployment benefit has a defined term and someone falling off the rolls results in a "decline in the unemployed." The economy actually lost jobs for the fourth month in a row per the same report that references the unemployment figures. Crude futures dropped to $113 and this week's oil trading prices dropped for the first time in several weeks on the first bump in the value of the dollar against the Euro since the middle of April and increased production in Nigeria. Depending on which way the Fed goes and if the currentl slow down continues Regardless of this week's change, the price of oil remains at or near historical hights and the value of the dollar is at historical lows. Are we doomed? We're all doomed regardless of the price of oil.

[jeezeweeze]

Here is a real father - son talk!

[jeezeweeze]

Didn't mean to derail the thread but every time I hear or see the bush word I kinda go into a zombie trance....for instance

My daughter came by yesterday and ask me if I would like to go pick out a bush to plant.......I says wait a minute, let me go print off a map to the white house...

Am I losing it....???

[wordsmythe]

Originally Posted by jeezeweeze

Didn't mean to derail the thread but every time I hear or see the bush word I kinda go into a zombie trance....for instance

My daughter came by yesterday and ask me if I would like to go pick out a bush to plant.......I says wait a minute, let me go print off a map to the white house...

Am I losing it....???

I'd say you're finding it.

Wish more would

[Army_of_One]

Originally Posted by Bubba

83% said the country was in a recession.

Because 83% of the people read the liberal media and only regurgitate what they learn from the paper or news.

Because 83% of the people probably couldn't tell you what a recession is.

Yeah...that 83% holds a lot of water.