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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: American Spirit who wrote (111835)1/6/2008 5:18:42 PM
From: Brumar89  Read Replies (1) of 173976
 
1. In spite of Federal Reserve easing, and other policy measures, the United States economy suffers its first recession since 2001 as housing starts stay soft and banks are reluctant to lend to anyone where a whiff of risk is apparent. Federal funds drop below 3%. The unemployment rate moves definitively above 5% and consumer spending is lackluster.


This is great. You've posted something which contradicts your previous posts - in which you claimed we were in recession now and had been for some time. Byron Wein is predicting a recession in 2008. He knows we're not in one now.

His prediction might or might not be right. But one things for sure, he's made you look like the idiot you are.
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