Can the democrats scam of telling us the recession is over actually work?

by economy on 06/11/09 at 11:54 pm

Our government is lying to us and telling us the recession is over when it clearly is not. Will this scam work? By getting people to think the recession is over, can it actually cause people to spend more and actually end the recession for real?

Our government is lying to us the recession is over, can it clearly

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One Comment

Quirk

Nov 6th, 2009

There is a pretty strict economic criteria for what makes a recession. Three (or more) consecutive quarters of no or negative economic growth I believe is the rule.

Since we’re now showing signs of such growth, by the technical definition the recession does appear to be winding down.

Does that mean that everything is magically all better overnight? No, of course not. Economics is as much faith-based as fact-based. Unfortunately job growth is the very last thing to come along after an economic recovery. We’re going to have to tough it out until businesses feel confident that their dark days are over.

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