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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: American Spirit who wrote (114980)2/20/2008 1:02:07 PM
From: HPilot  Read Replies (1) of 173976
 
The Bush stagflationary recession could indeed turn into a depression.

You two need another, then you could be the three blind mice.

Again, economics 101 a recession is when there are two consecutive quarters where the GDP goes down from the prior quarter. Last December the GDP went up, but not as much as the prior quarter. So the economy is still going up, not down.
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