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


To: SilentZ who wrote (360158)11/25/2007 8:56:41 AM
From: steve harris  Respond to of 1574784
 
It's not officially a recession until it hits rich people

Have you tried the dictionary?

"An extended decline in general business activity, typically two consecutive quarters of falling real gross national product."

Last time I looked, the GNP was was still growing and predicted to grow next year, though at a slower rate.

Must be that democrat glossary where a cut in the size of an increase is really an overall reduction.



To: SilentZ who wrote (360158)11/25/2007 6:05:19 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1574784
 
Z, > It's not officially a recession until it hits rich people.

I don't know where you get this idea that everyone but the rich is experiencing a "recession," because our economy is based on the productivity of everyone, not just the rich.

Tenchusatsu