On Sat, Jan 31, 2009 at 9:46 AM, Bob Calco <[email protected]> wrote: > Hey Adam! > >> Hi Bob, >> >> Whilst the normal definition of a recession is 2 consecutive quarters >> of >> negative growth... >> > > I was talking about a depression, not a recession. Clearly we are in > recession. But overall for the year we still posted a positive 1.3% growth > in 2008. > > Bill Clinton's last year in office handed Bush an even more anemic but > positive 0.73% growth rate for 2000. No one was calling that anything but a > recession, nor was anybody comparing it to a depression, or disingenuously > trying to scare the population into a $1 trillion pig-in-a-poke in the name > of 'stimulus'. ---------------------------------
That was the gouge of huge oil prices and the inflation that crept into everything. On top of that budgets were burned in late 2008 to spend all the allocated money because who knows when we will be able to buy something like this again. I saw that at Mimeo were training materials were ordered like there was no tomorrow. Today they find quite a few of their former clients are no longer. We had a huge banking segment, health care, as well as restaurants. -- Stephen Russell Sr. Production Systems Programmer First Horizon Bank Memphis TN 901.246-0159 _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
