Geoff Flight wrote: > So you are saying there is no economic crisis? > > He's saying there is no depression THIS YEAR. There will certainly be by next year's numbers, but that will be Obama's fault, because Bob here will not acknowledge economic inertia, nor will he acknowledge that economic variables take some time to express reality.
> -----Original Message----- > From: [email protected] [mailto:[email protected]] On Behalf > Of Bob Calco > Sent: Sunday, 1 February 2009 2:16 AM > To: 'ProFox Email List' > Subject: RE: [OT] Obama Gives Keynes His First Real-World Test > > 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'. > > - Bob > > [excessive quoting removed by server] _______________________________________________ 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.
