Cancer+ Posted November 7, 2008 Report Posted November 7, 2008 Ah, hope. That's really all Americans have anymore. The only reason Obama looks soooo good for President is because he's a democrat. Right now, if you think republican, you think George Bush. That's what this election was. Obama vs. George Bush/Republicans. He will make a small impact and some other !@#$%^&*hole will be in office in 4 years. But, maybe a small impact is what will jumpstart this economy. Who knows, we will see. BTW, I am neither Democrat or Republican. I am a realist.
»1587200 Posted November 7, 2008 Author Report Posted November 7, 2008 You're a realist? Is that why your avatar is that of a toddler humping a blowup doll?
Samapico Posted November 7, 2008 Report Posted November 7, 2008 A realist can't have fun? Obviously not, reality isn't fun.. omg lol just as I said this, a car nearly got hit by a fire truck outside lol. Ok I might be exagerating; I just heard tires screeching while a fire truck was passing by.But still, reality sucks, see, cause people are currently burning in a building.
Cancer+ Posted November 8, 2008 Report Posted November 8, 2008 This is World Discussion. Keep your spam !@#$%^&* out of here. Back to the Topic at hand. Barack Obama is our President. Will he bring us out of this "depression" or will he just suck at being pres?
Aceflyer Posted November 8, 2008 Report Posted November 8, 2008 Back to the Topic at hand. Barack Obama is our President. Will he bring us out of this "depression" or will he just suck at being pres? He has at least as good a chance as McCain would have had at bringing us out of this depression. And probably better, because foreign leaders and governments actually want to work productively with Obama in a way they wouldn't have been willing to do with McCain. Solving the current global economic problem will require global cooperation and action, and Obama is the person who has the best shot at achieving this.
Hate The Fake Posted November 8, 2008 Report Posted November 8, 2008 were not in a depression but a recession
Aceflyer Posted November 8, 2008 Report Posted November 8, 2008 were not in a depression but a recession "A depression is characterized by abnormal increases in unemployment, restriction of credit, shrinking output and investment, numerous bankruptcies, reduced amounts of trade and commerce..." Abnormal increases in unemployment? Yep, and getting worse.Restriction of credit? Check.Shrinking output and investment? Check.Numerous bankruptcies? You betcha.Reduced amounts of trade and commerce? Yep.
Hate The Fake Posted November 9, 2008 Report Posted November 9, 2008 the difference being in numbers. According to the NBER, a recession is "a significant decline in activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale-retail trade." Contrary to popular wisdom, recession is not tied directly to a decline in the gross domestic product. The gross domestic product is measured only quarterly and is continually revised (often years later), and the NBER prefers to use monthly indicators such as employment, personal income, and manufacturing sales. Over the four years from 1929 to 1933, production at the nation's factories, mines, and utilities fell by more than half. People's real disposable incomes dropped 28 percent. Stock prices collapsed to one-tenth of their pre-crash height. The number of unemployed Americans rose from 1.6 million in 1929 to 12.8 million in 1933. One of every four workers was out of a job Recession = short termDepression = Long term in greater numbers
Aceflyer Posted November 9, 2008 Report Posted November 9, 2008 the difference being in numbers. According to the NBER, a recession is "a significant decline in activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale-retail trade." Contrary to popular wisdom, recession is not tied directly to a decline in the gross domestic product. The gross domestic product is measured only quarterly and is continually revised (often years later), and the NBER prefers to use monthly indicators such as employment, personal income, and manufacturing sales. Over the four years from 1929 to 1933, production at the nation's factories, mines, and utilities fell by more than half. People's real disposable incomes dropped 28 percent. Stock prices collapsed to one-tenth of their pre-crash height. The number of unemployed Americans rose from 1.6 million in 1929 to 12.8 million in 1933. One of every four workers was out of a job Recession = short termDepression = Long term in greater numbers So now you're saying that a recession has to be at least as severe as the Great Depression in order to be a depression?
Hate The Fake Posted November 9, 2008 Report Posted November 9, 2008 no im saying we havent been in a recession long enough, or surp!@#$%^&*ed it in terms of numbers yet to be a depression
Aceflyer Posted November 9, 2008 Report Posted November 9, 2008 no im saying we havent been in a recession long enough, or surp!@#$%^&*ed it in terms of numbers yet to be a depression I suppose that is a matter of opinion.
vetta64 Posted November 9, 2008 Report Posted November 9, 2008 recession, depression, etc. These are terms that have to due with time and growth, or shrinkage. right now is is so close to the borderline that it could technically be either very soon. What does it matter what its call, we are loosing money, thats the bottom line. We should just call it money loosing time.
darkhosis Posted November 10, 2008 Report Posted November 10, 2008 Watching McCain conceed right now... This is history, something many african americans will tell their grandkids, great-grandkids, and beyond about.not picking on anyone, just some pet peeve of mine.. am i the only one that absolutely hates the word "african american"? i'm not an irish american because my ancestors back in the 1700s migrated to the USA anymore than some black person is an African american because they came over in the 1700s or whenever.... regardless of the means.. since when do we go back like 8 generations? im not offended when im called "white".. good lord, just use "black"... theres nothing african american about 95% of these people.. they're americans...
Hate The Fake Posted November 10, 2008 Report Posted November 10, 2008 Watching McCain conceed right now... This is history, something many african americans will tell their grandkids, great-grandkids, and beyond about.not picking on anyone, just some pet peeve of mine.. am i the only one that absolutely hates the word "african american"? i'm not an irish american because my ancestors back in the 1700s migrated to the USA anymore than some black person is an African american because they came over in the 1700s or whenever.... regardless of the means.. since when do we go back like 8 generations? im not offended when im called "white".. good lord, just use "black"... theres nothing african american about 95% of these people.. they're americans... this
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