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

To: tonto who wrote (116984)	3/7/2008 5:19:44 PM
From: TigerPaw	Read Replies (1) \| Respond to of 173976

That idiot Warren Buffet thought we were in a recession too. How does someone that stupid get to be richest person in the world?

To: tonto who wrote (116984)	3/7/2008 7:08:56 PM
From: TideGlider	Read Replies (1) \| Respond to of 173976

Message 24380092

To: tonto who wrote (116984)	3/7/2008 7:40:44 PM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 173976

Yes tonto, the recesson started in December and now a majority of economists agree.

To: tonto who wrote (116984)	3/7/2008 7:45:46 PM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 173976

"The official arbiters of recession at the National Bureau of Economic Research define it as "a significant decline in economic activity spread across the economy, lasting more than a few months." By that standard, recession could be here already. Gross domestic product grew a paltry 0.6 percent during the fourth quarter, and measures like the Institute for Supply Management's factory index now show contraction. It can take more than two years for a recession to become "official" as revisions to economic data are tweaked by the NBER." usnews.com