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.
If this is true, then simply provide the link that states the case as you do above.
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.
Recovery does not mean you are out of recession or depression.
Once again, Canada may be a marginal producer of oil, but they are a MAJOR supplier of oil to the United States.
So fukking what? Are you on drugs?
The original issue was who had the second most oil reserves.....I said Iraq but then you disputed it, claiming Canada. And you are right if you count the oil sands, Canada does have the most reserves. However, much of it is inaccessible whereas Iraq's is........so most oil pundits say Iraq has the second most accessible reserves after the Saudis.
And that makes it very likely that oil played a strong role in Bush's invasion of Iraq which, in fact, was the point I was making.
http://www.dfait-maeci.gc.ca/can-am/menu-en.asp?act=v&mid=1&...
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.
You'll excuse me......you're a bit out of it. I suggest you go back and read the posts that led this one. It might help you with your confusion...........keep reading until it does. |
