You can quote anywhere you want. According to the NBER, the United States was in recovery beginning June of 1938, and the economy continued to expand till 1945. During the Great Depression, GDP fell from $101B in 1929 to $68B in 1933. By 1939, GDP was HIGHER than when the Great Depression began in 1929.
Traditionalists count recessions by quarters (as in 2 straight quarters of negative GDP growth). If that were the case, the recession of 2001 began January 1, 2001 (while President Clinton was President). But the NBER says the recession began in March 2001, so that's it. And according to NBER, the U.S. economy began to recover in June of 1938.
re: "It was a depression, not a recession, and we did not come out of it until 1941."
Once again, Canada may be a marginal producer of oil, but they are a MAJOR supplier of oil to the United States.
dfait-maeci.gc.ca
eia.doe.gov
re: "What are you, nuts? I quoted from the same article you provided in your post. The article clearly states that the oil is not that great and Canada at best will be a marginal producer"
I don't know why you're insulting me. You're the one making the wrong argument. |
