how much more longer will it take to get out of this recession???

WHAT RECESSION????

http://www.bea.gov/newsreleases/nati...ewsrelease.htm

Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 1.0 percent in the first quarter of 2008 (that
is, from the fourth quarter to the first quarter), according to final estimates released by the Bureau of
Economic Analysis. In the fourth quarter, real GDP increased 0.6 percent.

The GDP estimates released today are based on more complete source data than were available for
the preliminary estimates issued last month. In the preliminary estimates, the increase in real GDP was
0.9 percent (see "Revisions" on page 3).

The increase in real GDP in the first quarter primarily reflected positive contributions from
personal consumption expenditures (PCE) for services, exports of goods and services, and federal
government spending that were partly offset by negative contributions from residential fixed investment
and PCE for durable goods.

http://en.wikipedia.org/wiki/Recession

In macroeconomics, a recession is generally associated with a decline in a country's real gross domestic product (GDP), or negative real economic growth. According to one widespread definition, a recession occurs when real growth is negative for two or more successive quarters of a year.

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Well even the 12 years of Reagan-Bush nightmare wasn't this bad, but Clinton pretty much had fixed it in 4 years, so all 8 of Obama's might put us back on track.

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Sorry I's late, but dere was a documentry on about monkeys.

There is no recession. Things are just moving slowly but that is not the same.

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Qur'an 8:12 I will terrorize the unbelievers...Strike off their heads and cut off each of their fingers and toes.

Leviticus 20:9 If anyone curses his father or mother, he must be put to death.

Religion sure is great!

If Obama is elected, about 50 years.

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"Democrats, in their never-ending search for scapegoats, have had a go at oil company CEOs, industry profits and now oil 'speculators.' They've looked everywhere but where they should — in the mirror." - Investors Business Daily

I'd say we've hit a brick wall. We're not going higher until the oil problem is solved, and it's really not a bubble like so many people have been talking about.

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My freedom is more important than your good idea.

Hai guiz, wunderin if anyone in the internet ether could tell me if in the last few recessions if there was this much weird focus on things such as whether or not the president uses certain terms in a press statement?\

Has there always been such a long run up and hair pulling in past recessions?\

Wiki says that there has been 7 recessions since 1980, but I don't remember any of them.

Are all those little red arrows on the bottom of my TV bad?

Not if you short bank stocks.

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My freedom is more important than your good idea.

I think a better term is "stagflation"... prices are going up, productivity has risen... but real buying power continues to plummet due to the shrinking of the dollar's worth. Unfortunately, this result has been expected for a while, ever since Bush brought Reaganomics back with a vengeance in 2001. More unfortunately, the real economists who warned everyone about this problem were ignored when something could have been done to prevent this mess. But just think: at least those "tax cuts" have been very effective in sending yet more money out of the country into foreign investments. (That is why those jobs we were promised in 2001 never materialized.)

Thanks to Reaganomics, we have socialized business losses. The idiots running most of the Fortune 500 need never worry about losing money because of their ineptitude; the taxpayers will make sure they never lose money like their stockholders or employees do. We work twice as hard, pay a much larger portion of our paychecks, and they get golden parachutes.

Aren't "free markets" great?

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Member of the vast Radical Middle conspiracy.

This trend will continue as long as interest rates are kept artificially low. Real money is worth far less because is draws misserable interest when saved, people are incouraged to go into debt rather than save. Giving thousands of underqualified people fast, easy, cheap credit caused enormous competition in the housing markets driving prices artificially through the roof, creating this housing bubble which now has burst. Many responsible people who saved are not willing to buy at these exagerated prices, and now banks are tightening up or refusing to give credit at all, even to well proven customers, (not much incentive to @ 5%). This has pretty much shut down the money hose to those who whould go out and blow it, (and get the economy moving again) and untill prices fall those that have been frugal and saved arent going to go out and blow it either.