It's Fixed!!!Follow

Didn't you hear the economy is fixed

Also glad to finally hear you admit that W didn't leave Obama a recession.

The Commerce Department said gross domestic product, a measure of total goods and services output within U.S. borders, grew at an annual rate of 0.6 percent in the last quarter of 2007, while it expanded 2.2 percent over the whole year, the slowest pace in five years.

"No question, the GDP number tells us the economy is on the brink of recession, if not in one already," said Peter Boockvar, an equity strategist with Miller Tabak & Co. in New York.

Remind me again when the Dems took control of congress?

lmao....thanks for proving my point.

When was Obama elected?

When did the market tank?

When did the dems take control of congress?

Locked,

Sorry little buddy but two poor quarters at the end of an unpopular presidents tenure does not mean recession.

The traditional definition of a recession is two consecutive quarters of a shrinking gross domestic product (GDP). In contrast, the NBER defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.". Business cycle dates are determined by the NBER dating committee under contract with the Department of Commerce. Typically, these dates correspond to peaks and troughs in real GDP, although not always so.

The NBER prefers this method for a variety of reasons. First, they feel by measuring a wide range of economic factors, rather than just GDP, a more accurate assessment of the health of an economy can be gained. For instance, the NBER considers not only the product-side estimates like GDP, but also income-side estimates such as the gross domestic income (GDI). Second, since the NBER wishes to measure the duration of economic expansion and recession at a fine grain, they place emphasis on monthly—rather than quarterly—economic indicators. Finally, by using a looser definition, they can take into account the depth of decline in economic activity. For example, the NBER may declare not a recession simply because of two quarters of very slight negative growth, but rather an economic stagnation.

And Sept was about when everyone realized Obama would win wasn't it?

So i'm guessing you don't have anything to say about another one of Obama's economic leaders, you know another one these ivy leaguers, is running like a scared little rabit back to academia?

geithner is the only original member of Obama's economic advisory team, and he's eyeing a run for govn in illnoise