WASHN: the Republicans ( Recession officially ended 11/2001)

[papau]

http://ap.tbo.com/ap/breaking/MGAMNGJS8ID.html

WASHN: the Republicans.
The Associated Press

The NBER's decision to declare the recession ended in November 2001 means that the eight months length is slightly less than the average 11-month duration of recessions since the end of World War II.
While an often-used definition of a recession is two consecutive quarters of falling GDP, the NBER uses a more complex formulation that looks at a variety of monthly statistics to determine when recessions begin and end. In the past, it has not used the GDP for its purposes of determining the beginning and ending points for recessions because that statistic from the Commerce Department is compiled on a quarterly basis.

However, because of the unusual nature of this downturn, where growth resumed so far ahead of an improvement in the unemployment rate, the committee decided to also look at GDP as well as its other four indicators - employment, real income, industrial production and wholesale-retail sales. The NBER in its statement said that it had also waited to call an end to the 2001 recession because it wanted to be sure that any future downturn would be a separate event and not just a continuation of the 2001 slump. <snip>

[brokensymmetry]

1. Sure it is.

Just go to any unemployment line and ask, right?

Paging Dr. Dean! Paging Dr. Dean! A patient needs you, stat!

[scsifreak]

18. Well, technically they're right.

Recessions centre around the idea of negative growth don't they? And since we now have postitive growth (cooked books anyone) there is no recession.

This will be *worse* for Bush Jr. than his father. His father had a jobless recovery. Junior will have a job-loosing recovery. If this continues unhindered, Bush is toast. And he can't even use another terrorist attack or invasion to save him. Things are not going good for W.

[Skittles]

2. Who the F*** do they think they're kidding?

besides IDIOT FREEPERS ? ? ?

[Tandalayo_Scheisskopf]

3. I just figured out...

The source of many of my problems!!! I quit drinking and the government is getting baked like Hunter Thompson!!!

Maybe I need to get me a 1.75l bottle of cheapassed vodka and start chugging?

[meegbear]

4. Nov 2001??

I was working then. Laid off Nov 2002 and got 3 checks left, then I'm shut off.

The problem with this is that the poeple saying there is no recession HAVE A JOB!!!

[MrBenchley]

5. So do the unemployed get their jobs back?

How stupid does someone have to be to be a Republican?

[MaineDem]

6. I feel better now

No inflation...whewwwww :eyes:

Instead we get DEflation aka depression?

[philosophie_en_rose]

7. And the invasion really ended last month.

In other words, please completely ignore reality.

[havocmom]

9. This is the lie that's gonna bite them on the arse!

Only the most extreme delusional cases are gonna swallow this one.

The good news is, any Rebpulican in congress who parrots this hogwash will face the same fate as the shrubbites.

Somebody, pla-leeeezze tell these bozos that it's their nose that gets bigger when they lie!

[unblock]

8. sorry, guys

but "the economy is shrinking" and "unmployment is going down" are two very different statements.

the economy is indeed growing, albeit slowly, and without creating domestic jobs.

the problem, of course, is that "recession" is an economic term, and what we need is a political term for "the economy sucks for most people".

[tibbiit]

10. This is good news isnt it?

Every time smirky blames the recession he inherited from his predecessor... implying that it is Still from Clinton... another Lie.
Am I not correct in this conclusion?

So when RW'rs pull out the recession as clintons fault, this is then the truth... Clintons recession ended in Nov. 2001 in spite of 9-11.
What I dont understand is why the DLC whenever this recession/clintons fault comes up... doesnt just say, recessions are cyclical, and CLINTON left plenty of money (surplus) for emergencys to start it up again.

tib

[htuttle]

11. BUSH: "Are you going to believe me, or your lying eyes?"

n/t

[rock]

12. And a careful count (wink, wink) of the ballots

shows that bushsucks* won Florida (say no more; a wink is as good as a nod to a blind bat).

[LynneSin]

13. Kinda like Bush claiming the war was overwith last May

I mean, sure, folks are still getting killed in Iraq, but Bush sure looked sweet in that uniform that inhanced his package

:puke:

[kmla]

14. So, who got the by-line on that story?

Looks like something that Baghdad Bob could have conceived.

Tell that to the millions who are still looking for work. Or the millions who are so discouraged that they stopped looking.

I was lucky. I found a job (in 6 weeks) after being laid off a couple of years ago. I think it's not a coincidence that I have only lost jobs when a Grand Oil Prick is in the White House ('91, '01). And, coincidentally, they both have the same surname.
:eyes:

[underpants]

15. REVISIONIST ECONOMICS

Just calling a spade a spade.

[ProfessorGAC]

16. Wrong!

I don't care how exotic the folks at NBER think their analysis is; it's wrong.

The last 8 quarters all fall between 1.6 and 3 sigma below the mean of the previous 50 quarters. Simple Shewhart analysis will tell us that this is not a random event, but one of statistical significance.

In addition, any analysis of economic recession that doesn't include GDP as one of the resultant paramaters is flawed at its core. It's ridiculous to measure economic growth without including GDP.

I don't focus on JUST GDP either. But, the causation effects must be tracking influence on GDP as well as others like UE, V, (M2-M1), etc.

This recession didn't start in 2000. It started 2Q01 and is continuing to this point. Be very cautious of the motives of anyone who claims differently.
The Professor

[Jeff in Cincinnati]

20. Same analysis NBER has been using for years

Rather than argue the methodology, just ask a simple question.

Mr Bush, since the recession is officially over, why isn't your economy creating any jobs?

And just as a follow-up: Since the recession is over, Mr. Bush, are you going to repeal the enormous tax cuts that you passed earlier this year since they are no longer necessary?

[TahitiNut]

21. Exactly.

I couldn't agree more. Myth-mongers have predatory agendas.

[CO Liberal]

17. Therefore, Any Economic Downturn After 11/2001 is BUSH'S FAULT!!!!

Right??????

This means that after 11/2001, nothing can be blamed on Clinton.

[scsifreak]

19. Oh yeah.

They'll still drag Clinton's penis in somehow. They don't know how to do anything else after all.

[RememberJohn]

22. Are all of you missing the big picture? This is scripted!

The first strike in the new PR spin control machine announced yesterday. Good job, Mrs. Carville! Let's see who believes it.

[scipan]

23. some cool graphs

Take a look at the comparison between this recession and the previous 6 averaged. There's no oomph to this "recovery".

http://release.nber.org/recessions.html

Is this all explained by the massive export of jobs?