November 2001 versus November 2009

Dr.Who

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In November of 2001 (11 months into the Bush Presidency) the Liberal state run media PBS reported:

"If you stroll through your shopping mall, you're likely to find more "50% off" signs than "help wanted" signs. Worried retailers are cutting back holiday staff. Outside the malls, many hotel rooms are empty and restaurants are half filled. Planes fly with mostly empty seats. All of this is because the U.S. economy is slowing and possibly headed down a scary path toward recession."
http://www.pbs.org/newshour/extra/features/july-dec01/economy_11-14.html

They reported that despite the fact that:

"The committee that puts official dates on U.S. economic expansions and contractions said Thursday that the economy pulled out of recession in November 2001 and since then has been in a recovery phase.

The announcement from the National Bureau of Economic Research's Business Cycle Dating Committee confirmed what many economists have believed: that the economy has resumed growing, albeit slowly."
http://www.usatoday.com/money/economy/2003-07-17-recession_x.htm

Today (November 2003) you can barely pick up a news story without hearing that we are in a recovery and there is little mention of the fact that the present recovery is just as slow as the one last time around. Despite the fact that we just don't know if the present recession is over. Despite the fact that some economist are saying this will be a "W" shaped recession with another downturn expected before there is a final recovery.

Honestly the two recessions are very much alike except in the newspapers. They were both mild excpet that when Bush was president they were overplayed. This one (in an election year with a Pub contender) was even called "the worst since the great depression) and this recovery is well on its way it would seem if you read the papers.

Who's fooling who?
 
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In November of 2001 (11 months into the Bush Presidency) the Liberal state run media PBS reported:

"If you stroll through your shopping mall, you're likely to find more "50% off" signs than "help wanted" signs. Worried retailers are cutting back holiday staff. Outside the malls, many hotel rooms are empty and restaurants are half filled. Planes fly with mostly empty seats. All of this is because the U.S. economy is slowing and possibly headed down a scary path toward recession."
http://www.pbs.org/newshour/extra/features/july-dec01/economy_11-14.html

They reported that despite the fact that:

"The committee that puts official dates on U.S. economic expansions and contractions said Thursday that the economy pulled out of recession in November 2001 and since then has been in a recovery phase.

The announcement from the National Bureau of Economic Research's Business Cycle Dating Committee confirmed what many economists have believed: that the economy has resumed growing, albeit slowly."
http://www.usatoday.com/money/economy/2003-07-17-recession_x.htm

Today (November 2003) you can barely pick up a news story without hearing that we are in a recovery and there is little mention of the fact that the present recovery is just as slow as the one last time around. Despite the fact that we just don't know if the present recession is over. Despite the fact that some economist are saying this will be a "W" shaped recession with another downturn expected before there is a final recovery.

Honestly the two recessions are very much alike except in the newspapers. They were both mild excpet that when Bush was president they were overplayed. This one (in an election year with a Pub contender) was even called "the worst since the great depression) and this recovery is well on its way it would seem if you read the papers.

Who's fooling who?

It's called a tit for tat. It's goes both ways and here is the solution to the problem you have presented. IGNORE IT!!!! Dr. Who if you portfolio is doing fine and your making your money then that's all that matters. Quit worrying about something you have no control over.
 
It's called a tit for tat. It's goes both ways and here is the solution to the problem you have presented. IGNORE IT!!!! Dr. Who if you portfolio is doing fine and your making your money then that's all that matters. Quit worrying about something you have no control over.

I have never had a portfolio until about two days ago. Right now it is too small to worry about.

But what is big and we all should be worried about is inflation and the fall of the dollar. The reckless actions of the administration are directly responsible for both of what is happening and what will come. Every single asset every single person owns and will earn will be worth less unless this is stopped.

We do have influence over who will be elected in 2010 and 2012.
 
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There is no comparison here though.
This economy is getting worse under Obama, and we ain't see the bad end yet.
Under Bush it got better and fast!!
 
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