http://www.realclearpolitics.com/articles/2008/06/the_imitators_part_ii.html
The Imitators: Part II
By Thomas Sowell
It must be a bitter disappointment to those in the media and in politics who have been dying to use the word "recession" that, for the second quarter in a row, there has been no downturn in the economy, though growth has been slow.
Alarmists have been reduced to quoting other alarmists on the supposedly impending recession but that is still not the real thing.
The definition of a "recession" is very clear and straightforward: Two consecutive quarters of negative growth. We have not yet had one consecutive quarter of negative growth.
The fault-finding brigades of critics of the American economy and society are among the reasons why there is so much talk about how we ought to do things that are being done in Europe.
We need to understand America first, before we start imitating Europe.
The American economy produces the largest output in the world-- more than Japan, Germany, and Great Britain combined.
Measured by purchasing power, output per capita in the United States is the highest of any large nation.
....
Originally posted by zeeblebotHow can you have one consecutive quarter of anything?
http://www.realclearpolitics.com/articles/2008/06/the_imitators_part_ii.html
The Imitators: Part II
By Thomas Sowell
It must be a bitter disappointment to those in the media and in politics who have been dying to use the word "recession" that, for the second quarter in a row, there has been no downturn in the economy, though growth has been slow.
g power, output per capita in the United States is the highest of any large nation.
....
Things are good for me financially.
Originally posted by der schwarze RitterThe DNC??
Since the dinosaur media are an adjunct to the DNC, the only way the Democrats can do well is if the economy does bad. That's why you see so many non-stories and negative stories related to the economy. To read the headlines, you'd think we were living in the Great Depression.
Amazing how if you say something often enough people believe it.
The conservative tilt in the US media is such that it's practically horizontal.
Originally posted by zeeblebotIndeed. The US needs to start forcing people to live in cramped up spaces as close to their work as possible so as to reduce energy demands. That means that everyone moves to a large city and live in row houses like they do in Europe. LOL.
[b] The fault-finding brigades of critics of the American economy and society are among the reasons why there is so much talk about how we ought to do things that are being done in Europe.
You know it has occured to me that perhaps the federal governmnet wants this to happen and is why nothing is being done about the current energy crisis. That way the government takes control of all the land that would be given up in and around major cities when this happens.
Originally posted by whodeyit'd be worthless, then.
Indeed. The US needs to start forcing people to live in cramped up spaces as close to their work as possible so as to reduce energy demands. That means that everyone moves to a large city and live in row houses like they do in Europe. LOL.
You know it has occured to me that perhaps the federal governmnet wants this to happen and is why nothing is being ...[text shortened]... kes control of all the land that would be given up in and around major cities when this happens.
Originally posted by whodeyWhich Europe have you been to ? Because obviously it isn't the one I live in.
Indeed. The US needs to start forcing people to live in cramped up spaces as close to their work as possible so as to reduce energy demands. That means that everyone moves to a large city and live in row houses like they do in Europe. LOL.
Originally posted by der schwarze RitterAnother joke! Have you ever watched 1/2 hour of FOX News?
Since the dinosaur media are an adjunct to the DNC, the only way the Democrats can do well is if the economy does bad. That's why you see so many non-stories and negative stories related to the economy. To read the headlines, you'd think we were living in the Great Depression.