recession was OVER.
I guess this is Mr. Obama's "mission accomplished" moment!
"It technically has been over since last year"
Exactly, just as "technically" the mission was accomplished when Bush Landed on that aircraft carrier :(
When economists indicate that a recession is over, they mean that the economic indicators they follow have bottomed-out. If economic activity is viewed as the letter "U," we've passed the bottom of the trough and started back up the right side of the U.
No but thanks anyway. And as I said, much like a "mission accomplished" statement when the "war" was far from over!
Again...hated it when Bush did it, Hate it that the Obama team is even spouting it too!
Not to get off on a total tangent, but there's more proof that Bush was right, the Mission he had set out to accomplish had been accomplished. We can all agree that stability and security in Iraq had not been achieved and the war actually escalated after he landed on that aircraft carrier. But that's because we were caught in the middle of a civil war, with a growing insurgency, in an unstable, ungoverned piece of land.
It was pointed out to me today by a colleague that the Obama Stimulus wasn't instituted until June of '09.
Make me wonder what the stimulus has actually done and how long Obama and Biden are going to continue to spout their nonsense of how the stimulus is what 'turned the economy around after Bush and the Republicans ruined it' (paraphrased).
Thank God that Saddam Hussein is gone and the people of Iraq no longer have to live under his dictatorship or the fear that he may use chemical weapons on them, like he did on more than 5000 Kurdish with the total Kurdish murder by him of more that 50,000. It was a good mission accomplished in this gal's opinion!