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 Post subject: WHITE HOUSE: ECONOMY BEEN IN RECESSION FOR A YEAR
PostPosted: Tue Dec 02, 2008 2:11 am 
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NOW THEY'RE TELLING US WHAT WE'VE KNOWN FOR A LONG TIME! :roll:

For Nearly A Year After Recession Started, Bush White House Insisted That ‘We’re Not In A Recession’

Earlier today, the National Bureau of Economic Research (NBER) announced that “the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy.” The group, which the White House has previously pointed to as the determinative body for declaring a recession, said in a statement that the “decline in economic activity” after Dec. ‘07 “was large enough to qualify as a recession.”

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 Post subject: Re: WHITE HOUSE: ECONOMY BEEN IN RECESSION FOR A YEAR
PostPosted: Tue Dec 02, 2008 6:47 am 
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Didn't the stock market take note of that Monday! Wow!

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 Post subject: Re: WHITE HOUSE: ECONOMY BEEN IN RECESSION FOR A YEAR
PostPosted: Tue Dec 02, 2008 10:11 am 
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Indeed! But Bush also continues to talk "I'm sorry about the economy...." :roll: and there was Paulson speaking publicly again. Was it the message or the messengers?

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That's all there is to it."

~Harry S. Truman


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 Post subject: Re: WHITE HOUSE: ECONOMY BEEN IN RECESSION FOR A YEAR
PostPosted: Thu Dec 04, 2008 5:50 am 
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Was it Rachel Maddow or Keith Olbermann who said when Obama speaks about the economy stocks go up, when Bush does they go down.

Seems to be working...

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 Post subject: Re: WHITE HOUSE: ECONOMY BEEN IN RECESSION FOR A YEAR
PostPosted: Sat Dec 06, 2008 11:50 am 
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Bush continues to make statements that are so easily debunked. Is he so arrogant or so stupid that he doesn't realize that he can't hide from his "record?"

White House: We Never Said We Weren’t In A Recession

Quote:
Thursday, the White House acknowledged for the first time that the U.S. was in a recession. “Obviously, the NBER came out and said that we are in a recession,” Press Secretary Dana Perino said. Even though the National Bureau of Economic Research announced Monday that the U.S. was in a recession that had started in Dec. 2007, the White House was still refusing to use the word as late as Wednesday.

Yesterday, when a reporter remarked that the White House had been denying the recession for months, spokesman Scott Stanzel interrupted her to insist the Bush administration had never done so:

QUESTION: The President finally said, first time at a podium, that we are in a recession. This administration had been saying for months, from the very beginning of 2008, that we weren’t. Who –

STANZEL: No, that’s not correct. That –

QUESTION: You said that –

STANZEL: — what we had said is that is a determination that’s made by the National Bureau of Economic Research. And as you know, they made that determination this week. So we are in a recession.

Watch it:

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That's all there is to it."

~Harry S. Truman


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