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

To: jlallen who wrote (148716)	12/1/2008 1:30:41 PM
From: Steve Dietrich	1 Recommendation Read Replies (1) \| Respond to of 173976

However, if one is not a partisan hack, then you would acknowledge that the criteria for determining when an economy is in recession has not been met...i.e., two consecutive quarters of negative growth..... Actually, if you knew anything about economics, if you weren't a liar, a partisan hack and a propagandist, you'd know that is not the criteria used by NBER to date a recession. But you are an ignoramus, a liar, and a partisan hack so we're condemned to endless mind numbing drivel from you, forever apparently... nber.org The NBER does not define a recession in terms of two consecutive quarters of decline in real GDP. Rather, a recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. For more information, see the latest announcement from the NBER's Business Cycle Dating Committee, dated 12/01/08. SD