That's anecdotal. A recession has a common definition of two consecutive quarters of negative GDP growth, and that's not the current situation. A general slowdown and persistent feeling of "malaise" does not mean recession.
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That's anecdotal. A recession has a common definition of two consecutive quarters of negative GDP growth, and that's not the current situation. A general slowdown and persistent feeling of "malaise" does not mean recession.
More "anecdotal",
Food banks face high costs but feeding more people
By EVELYN NIEVES – May 26, 2008
STOCKTON, Calif. (AP) — Jackie Hoffman sifted through a laundry bin filled with aging bread, choosing a loaf of white.
Like nearly a third of the first 50 customers to arrive at the Emergency Food Bank of Stockton that morning, Hoffman was new to the pantry. But since she lost her sales job at a local newspaper in December, she has not found work in Stockton, which has the highest foreclosure rate in the country and a hurting job market.
http://ap.google.com/article/ALeqM5h...2lMswD90TIJLG0
it's definitely a slowdown. But throwing the word "recession" around doesn't make it so.
Except Iraq is not a quagmire, and the economy is not in a recession.
A better example might be your use of the phrase "I support the troops." We all know it's a complete fabrication, but somehow you're allowed to stay despite your disdain for those who choose to serve their country.
No, I'm just saying that words mean something, and shouldn't be thrown around just because they sound good. Some people here throw around the word "treason" on anything they don't happen to like. Something that really is treasonous has to fit certain criteria, otherwise it's just people being melodramatic for effect. Same thing with your use of "recession".
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