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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (134461)	3/12/2001 11:22:35 PM
From: tejek	Read Replies (2) \| Respond to of 1589264

Ten, So the obvious solution would be for Bush to loudly proclaim that America is not in a recession. First, we are not in recession and have not been for over 8 years. Aside from that, my point was that the difference between a recession and an expansion has more to do with human psychology that a significant spread in the data. For an example, in an expansion, unemployment can range from 4% to 5.5% whereas in a recession it typically ranges from 5.5% to 7%. Clearly, the slowdown in spending and subsequent slowdown in growth that marks a recession does not result significantly from the increase in the number of people unemployed but rather from the change in spending habits by those who are still working. And what makes people reduce their spending....layoff visibility, negative comments by their employer, the media spin, comments by their president etc. I don't think a president can cause a recession but he can help one along. And that's what little shrub is doing with his negative commentary on the economy. ted