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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (114097)	2/1/2008 8:43:08 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 173976

The economy is not growing fast enough to produce jobs. That's how recessions start.

To: jlallen who wrote (114097)	2/1/2008 12:37:14 PM
From: Steve Dietrich	Respond to of 173976

The preliminary estimate for Q4 was 0.6% but these numbers get revised. It may well be that the economy shrunk a little in Q4. The thing about a recession is you don't officially know you were in one till you've been in it for a while, sometimes it's over before you get official word from BEA. That may be okay for historians and Bush apologists, but investors, economists and policy makers have to be a little more proactive than that. There's a good chance we're in a recession right now and that's a fact. SD