Recession may be over

mojo · 10-29-2009, 09:11 AM

GDP Rises 3.5%
Recovery On: GDP Jumps, Jobless Claims Move Lower - Economy * US * News * Story - CNBC.com

eagle33199 · 10-29-2009, 01:57 PM

I'd say it's too early to declare it finished (after all, we needed the economy to recede several quarters in a row according to several different ways of measuring it before people would finally admit we were in a recession), but it is a very promising sign. Who wants to bet the Neocons won't attribute this rebound to anything Obama had a hand in?

NYPrius1 · 10-29-2009, 02:06 PM

Tell That To All The People Out Of Work or The People With Homes In Forclosure. Here in Upstate NY many people are in this boat.

DaveinOlyWA · 10-29-2009, 02:10 PM

lol... omg. 1 in 10 are out of work which is actually NOT TRUE. if we add in

1) people who have given up looking
2) people who took part time jobs and a much much lower pay just to "stay busy"

it now make 1 in 6 out of work or unemployed. the economy is not strong enough nor do the 5 in 6 that are working make enough extra to support them OR PAY OUR FEDERAL INTEREST ON OUR DEFICIT

Flying White Dutchman · 10-29-2009, 03:39 PM

end..? now way.

it just started.

stay tuned more to come.

Darwood · 10-29-2009, 03:42 PM

"Recession may be over "

......for Wall Street.
At least things are going in the right direction though. If markets continue to go up, jobs won't be far behind. Much better than the prospects we were facing last fall.

Felt · 10-29-2009, 05:07 PM

I want to believe the recession is over ...... but I have my doubts. My Son is out of work and cannot find anything. Believe me, I am hopeful, and want to be positive ... want Darwood is be right about being better.

I see where the Associated Press is questioning the administrations statistics about the beneifts from the stimulous. The AP reports that one community didn't hire anyone, instead gave a bonus with the money. I have not done the math, but if you divide $787 Billion by the number of jobs, even the administration claims ... you will find each job cost us 100's million dollars each?

Just wait until health care cost hit us all ... and shouild cap and trade survive .... we have not see the bottom yet.

eagle33199 · 10-29-2009, 05:12 PM

Keep in mind Felt that only a fraction of those billions has actually been spent thus far... the rest is still in process.

philobeddoe · 10-29-2009, 05:32 PM

everyone is entitled to their own opinions, but not their own facts

i'm going to stick to opinion here

i think this beauty is just getting started, and my business is a virtual sh!tbath

a lot of seven figure earners are pulling in ZERO ... goose egg,
and it's just as bad down the line

you can bandy about words like neocon and obama this and obama that ...

but people are suffering, that that smug bullsh!t is unbecoming of folks i presumed intelligent based solely on their forward thinking choice in transportation

maybe i presumed too much

hobbit · 10-29-2009, 05:44 PM

Well ... ignoring the observation that we're hangin' out on a
Prius forum, any suggestions on what's more important to think
about in the near term to best benefit the long term?
.
I'll throw this one out for starters: way less tolerance of
wasteful behavior, including on our roads which have themselves
become their own kind of sh!tbath in the last decade...
.
_H*

10-29-2009, 09:11 AM	#1
mojo Senior Member Join Date: Sep 2006 Location: San Francisco Posts: 2,521 My Car: 2006 Prius Model: Package: #4 Thanks: 2 Thanked 73 Times in 60 Posts Friends: 0	Recession may be over GDP Rises 3.5% Recovery On: GDP Jumps, Jobless Claims Move Lower - Economy * US * News * Story - CNBC.com

10-29-2009, 01:57 PM	#2
eagle33199 Platinum Member Join Date: Mar 2006 Location: Minnesota Posts: 4,283 My Car: 2006 Prius Model: Package: #7 Thanks: 35 Thanked 70 Times in 40 Posts Friends: 3	Re: Recession may be over I'd say it's too early to declare it finished (after all, we needed the economy to recede several quarters in a row according to several different ways of measuring it before people would finally admit we were in a recession), but it is a very promising sign. Who wants to bet the Neocons won't attribute this rebound to anything Obama had a hand in?

10-29-2009, 02:06 PM	#3
NYPrius1 Senior Member Join Date: Jul 2007 Location: Middletown, NY Posts: 693 My Car: 2007 Prius Model: Package: #6 Thanks: 32 Thanked 7 Times in 7 Posts Friends: 1	Re: Recession may be over Tell That To All The People Out Of Work or The People With Homes In Forclosure. Here in Upstate NY many people are in this boat.

10-29-2009, 02:10 PM	#4
DaveinOlyWA 3rd Time was Solariffic!! Join Date: Apr 2004 Location: South Puget Sound, WA Posts: 12,378 My Car: 2010 Prius Model: IV Package: Solar Roof Thanks: 24 Thanked 121 Times in 103 Posts Friends: 10	Re: Recession may be over lol... omg. 1 in 10 are out of work which is actually NOT TRUE. if we add in 1) people who have given up looking 2) people who took part time jobs and a much much lower pay just to "stay busy" it now make 1 in 6 out of work or unemployed. the economy is not strong enough nor do the 5 in 6 that are working make enough extra to support them OR PAY OUR FEDERAL INTEREST ON OUR DEFICIT

10-29-2009, 03:39 PM	#5
Flying White Dutchman Senior Member Join Date: Dec 2007 Posts: 2,546 My Car: 2005 Prius Model: Package: Thanks: 3 Thanked 183 Times in 150 Posts Friends: 9	Re: Recession may be over end..? now way. it just started. stay tuned more to come.

10-29-2009, 03:42 PM	#6
Darwood Senior Member Join Date: Feb 2005 Location: Minnesota Posts: 4,131 My Car: 2008 Prius Model: N/A Package: #2 Thanks: 153 Thanked 129 Times in 94 Posts Friends: 15	Re: Recession may be over "Recession may be over " ......for Wall Street. At least things are going in the right direction though. If markets continue to go up, jobs won't be far behind. Much better than the prospects we were facing last fall.

10-29-2009, 05:07 PM	#7
Felt Senior Member Join Date: Jul 2009 Location: Northern Utah Posts: 111 My Car: 2010 Prius Model: IV Package: Navigation Thanks: 5 Thanked 12 Times in 11 Posts Friends: 0	Re: Recession may be over I want to believe the recession is over ...... but I have my doubts. My Son is out of work and cannot find anything. Believe me, I am hopeful, and want to be positive ... want Darwood is be right about being better. I see where the Associated Press is questioning the administrations statistics about the beneifts from the stimulous. The AP reports that one community didn't hire anyone, instead gave a bonus with the money. I have not done the math, but if you divide $787 Billion by the number of jobs, even the administration claims ... you will find each job cost us 100's million dollars each? Just wait until health care cost hit us all ... and shouild cap and trade survive .... we have not see the bottom yet.

10-29-2009, 05:12 PM	#8
eagle33199 Platinum Member Join Date: Mar 2006 Location: Minnesota Posts: 4,283 My Car: 2006 Prius Model: Package: #7 Thanks: 35 Thanked 70 Times in 40 Posts Friends: 3	Re: Recession may be over Keep in mind Felt that only a fraction of those billions has actually been spent thus far... the rest is still in process.

10-29-2009, 05:32 PM	#9
philobeddoe ΜΟΛΩΝ ΛΑΒΕ Join Date: Apr 2008 Location: Los Angeles Posts: 492 My Car: 2008 Prius Model: N/A Package: #6 Touring Thanks: 32 Thanked 87 Times in 67 Posts Friends: 6	Re: Recession may be over everyone is entitled to their own opinions, but not their own facts i'm going to stick to opinion here i think this beauty is just getting started, and my business is a virtual sh!tbath a lot of seven figure earners are pulling in ZERO ... goose egg, and it's just as bad down the line you can bandy about words like neocon and obama this and obama that ... but people are suffering, that that smug bullsh!t is unbecoming of folks i presumed intelligent based solely on their forward thinking choice in transportation maybe i presumed too much

10-29-2009, 05:44 PM	#10
hobbit Senior Member Join Date: Mar 2005 Location: Bahstahn Posts: 3,625 My Car: Model: Package: Thanks: 0 Thanked 216 Times in 118 Posts Friends: 0	Re: Recession may be over Well ... ignoring the observation that we're hangin' out on a Prius forum, any suggestions on what's more important to think about in the near term to best benefit the long term? . I'll throw this one out for starters: way less tolerance of wasteful behavior, including on our roads which have themselves become their own kind of sh!tbath in the last decade... . _H*

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Buffett says we're in a recession	burritos	Fred's House of Pancakes	6	03-03-2008 03:24 PM
Analysts say chance of U.S. recession now 50-50	JackDodge	Fred's House of Pancakes	13	01-15-2008 02:13 PM