This is complete bull
And I love watching it on TV. As long as the war stays over there, I feel safe trading in my underwear - loose underwear you know, for loosers I guess. Must be that low DPH IQ you're talkin' about.
Didn't the recession officially begin in Clinton's last quarter in office? Who do you believe? Pick a side and vote - the majority voted for war. Welcome to a Democracy, the same Democracy guaranteeing you the right to slander its Armed Forces Commander in Chief! Still crying over the Gore loss or the Kerry loss or both?
<<.Didn't the recession officially begin in Clinton's last quarter in office? >>
NO, not according to the people responsible for setting the official dates - NBER.
NBER has set the date as March 2001.
THere was talk of changing the date. Changing it by changing the long term formula, adding GDP in 2003. But I have seen nothing but speculation on that.
Figures don't lie, but liers can figure I always say. If you don't like what the numbers are showing, just find a new way to make the numbers say whatever you like. -lol
btw, Clinton presided over the longest economic expansion in history. But who cares about what clinton has done THAT"S ancient history.
more importantly, WHAT IS BUSH DOING, HE IS THE ONE IN CHARGE NOW. IN CHARGE OF THE GROWING POVERTY RATE, THE GROWING FOOD STAMP CASELOADS, THE LOWEST MIN. WAGES IN 56 YEAR'S.
WHAT IS BUSH DOING...THE PROBLEMS HAVE BEEN INCREASING SINCE 2001 WITH NO END IN SIGHT -
bush's FREE TRADE ISN'T WORKING - TAX BREAKS FOR THE TOP 5% OF THE COUNTRY IS NOT WORKING THE EVIDENCE IS ALL AROUND US
I/T OFFSHORING AND WAGE CUTS STARTED IT ALL, AS THOSE JOBS LEFT PEOPLE BEGAN FLYING LESS AND THE AIRLINES BEGAN THEIR FINANCIAL DOWNFALL WITH LAYOFFS AND FURTHER WAGE CUTS OF 50% OR MORE. Bankruptcies followed...
United Airlines - Bankrupt
Delta Airlines - Bankrupt
ATA Airlines - Bankrupt
Northwest Airlines - Bankrupt
Mesaba Airlines - Headed for Bankruptcy
As a result of the airline bankruptcies we see massive write offs on airplane leases from other u.s. companies
Disney - $68 million write off on Delta
AT&T - $90 mill lost on airplane leases
Raymond James - $100 mil
Morgan Stanley - $1 BILLION
Add the wage cuts from the airline employees to the mass layoffs, then add in the profits being squeezed on the airline losses outside of the airliine sector, and what do you have...massives amounts of disposable income being removed from the economy..people stop buying things like new auto unless they are deeply discounted at employee purchase prices.
As the corporate profits get squeezed more layoffs and offshoring occurs to protect the CEO's paycheck. But it's all a race to the bottom as with each layoff, and each wage cut you are taking away more disposable income that drives consumer spending. It's an economic death spiral.
As a side note we here about soc. security going broke. So what effect do you think all these layoffs and wage cuts will have on that s.s. trust fund.
7% of your wages with a matching 7% employer contribution goes toward s.s. Now you do the math. pilots making six figures a year, their wages have been cut 50%, airline mechanics making $70K have received 40% wage cuts, new airline flight attendants are paid like a wal mart worker @ $8/hr ( which makes the elig. for medicaid on the taxpayers dime btw)
Now Bush and the GOP is busting the UAW. 50% wage cuts and you are about to be sent to the retraining line over at the community college to stand behind the pilots, the airline mechanics, flight attendants and I/T workers to be retrained in the art of shopping cart hurding and store greeters for wal mart. In other words the jobs of the 21st century that america needs. Thanks to Bush !!
The NBER's Business Cycle Dating Committee has determined that a peak in business activity occurred in the U.S. economy in March 2001. A peak marks the end of an expansion and the beginning of a recession. The determination of a peak date in March is thus a determination that the expansion that began in March 1991 ended in March 2001 and a recession began. The expansion lasted exactly 10 years, the longest in the NBER's chronology
"Pick a side and vote". What a joke. Neither the demopublicans nor the republocrats represent me at all, the entire system is a sham.
Do you want to have your eyes gouged out or have a hot metal poker shoved up your ass? That is the equivalent to picking between
It is possible to show disrespect for the man and not the office. They are different. When Dubya was standing by 2 secret serviceman before he walked up to give his first State Of the Union address, he told them when he heard "Hail To The Chief","Oh, they don't have to do that for me." The secret service man said,"They're not." He's a moron.