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The Reality Hammer Blog Reality Hammer - For People Who Can Handle The Truth - Well dang, no recession yet!
Reality Hammer - For People Who Can Handle The Truth - Well dang, no recession yet!
LiveJournal's most famous "political operative"
May 4th, 2008
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Well dang, no recession yet!
That silly economy, it keeps growing (albeit very slowly) and adding jobs (though not payroll) and that pesky unemployment rate refuses to budge from around five percent.

What's a Cassandra to do?!

I mine aside from voting Democrat, that is. There won't be an "official" recession in time for the election, but you can be sure people who think it is necessary for there to be on in order to get elected will make you think there is one.

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Comments
Comment by lazypadawan
lazypadawan From: [info]lazypadawan Date: May 5th, 2008 03:12 am (UTC) (Link to this entry)
Tell me about it! The Dems and their handmaidens in the media keep throwing around the R-word, knowing that most people haven't a clue what defines a recession in the first place. If they keep saying it, why, it must be true! It worked in 1992 and they're hoping it will work today.
(Reply) (Thread)
Comment by frail_entity
frail_entity From: [info]frail_entity Date: May 5th, 2008 03:45 am (UTC) (Link to this entry)
Gah! 5% unemployment?? What are we? A third world country??
(Reply) (Thread)
Thread started by The one and only
hollie_is_right From: [info]hollie_is_right Date: May 5th, 2008 05:14 am (UTC) (Link to this entry)
Just passing through. Don't mind me.
(Reply) (Thread)
reality_hammer From: [info]reality_hammer Date: May 7th, 2008 03:45 am (UTC) (Link to this entry)
Dear traveler:

You've been randomly selected for more vigorous screening. Please step this way and remove your shoes....
(Reply) (Parent) (Thread)
hollie_is_right From: [info]hollie_is_right Date: May 25th, 2008 02:38 am (UTC) (Link to this entry)
Just my shoes? Drat!
(Reply) (Parent) (Thread)
Thread started by The Napoleon of Thought Crime
darthbeckman From: [info]darthbeckman Date: May 5th, 2008 06:27 am (UTC) (Link to this entry)
Yes, it "grew" thanks mostly to inventory accumulation.
(Reply) (Thread)
reality_hammer From: [info]reality_hammer Date: May 7th, 2008 03:46 am (UTC) (Link to this entry)
And government spending.
(Reply) (Parent) (Thread)
Comment by lillie
lilliew From: [info]lilliew Date: May 5th, 2008 04:03 pm (UTC) (Link to this entry)
Gas and food prices are up, obviously it must be a recession? The Democrats say it's so, so obviously it's true!
(Reply) (Thread)
Comment by Kirsten Anne
carbonelle From: [info]carbonelle Date: May 5th, 2008 04:51 pm (UTC) (Link to this entry)

My husband is predicting financial armageddon.
In this case, I suspect that the Democratic opportunistic doom-and-gloom contingent are underestimating how rocky it's going to get...

My money is on stagflation, not recession.
(Reply) (Thread)
Comment by Skyfire the Fox
skyfirefox From: [info]skyfirefox Date: May 5th, 2008 11:04 pm (UTC) (Link to this entry)
The press loves to play around with the term "recession" don't they?

Like during the 1992 presidential campaign? Bill Clinton's friends in the media kept running the word "recession" 24/7 around the clock and tying it to George H.W. Bush. Then after Clinton's victory, all mention just vanished.

A few publications even retracted and said, "Oh wait. The recession wasn't that bad after all."
(Reply) (Thread)
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"Let us beware that while they [Soviet rulers] preach the supremacy of the state, declare its omnipotence over individual man, and predict its eventual domination over all the peoples of the earth, they are the focus of evil in the modern world.... I urge you to beware the temptation ... to ignore the facts of history and the aggressive impulses of an evil empire, to simply call the arms race a giant misunderstanding and thereby remove yourself from the struggle between right and wrong, good and evil."
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