So you are saying there is no economic crisis? -----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.
