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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (21469)	6/18/2003 4:22:35 PM
From: jlallen	Respond to of 93284

the only question, will this be another superlative Bush result, I predict another superlative result....GWB will lead us out of the great Clinton/Gore depression...

To: TigerPaw who wrote (21469)	6/18/2003 5:32:37 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 93284

those dollars are worth less and less B*st. Which is to be expected of you. Those CPI numbers, dingbat, say just the opposite. And they measure the price of both domestic and foreign products and services used in the US, not just fluctuations caused by foreigners who were running from their own currencies and who are now taking their money back home because the Clinton Crash has devalued their US investments. Oh. That link you cited to show we had a depression? economics.about.com It says just the opposite. A depression is any economic downturn where real GDP declines by more than 10 percent. A recession is an economic downturn that is less severe. By this yardstick, the last depression in the United States was from May 1937 to June 1938, where real GDP declined by 18.2 percent. If we use this method then the Great Depression of the 1930s can be seen as two separate events: an incredibly severe depression lasting from August 1929 to March 1933 where real GDP declined by almost 33 percent, a period of recovery, then another less severe depression of 1937-38. The United States hasn’t had anything even close to a depression in the post-war period. Oh, yes. That also says that even if you blame the 1st 1930's depression on Hoover and the Republicans who preceded him, you still have to say that FDR caused one of his own. The standard newspaper definition of a recession is a decline in the Gross Domestic Product (GDP) for two or more consecutive quarters. How about: That's still the only commonly accepted definition. The Business Cycle Dating Committee at the National Bureau of Economic Research (NBER) provides a better way to find out if there is a recession is taking place. This committee determines the amount of business activity in the economy by looking at things like employment, industrial production, real income and wholesale-retail sales. They define a recession as the time when business activity has reached its peak and starts to fall until the time when business activity bottoms out. When the business activity starts to rise again it’s called an expansionary period. By this definition, the average recession lasts about a year. In that case, we probably have a dozen or two recessions each century. Or more, depending on how short a decline you are willing to consider and often you sample. Oh. BTW, I did check the NBER web page previously. If you had brains, you'd take them out and play with them, wouldn't you?