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Reply #19: the recession officially started 12/07, manufacturing was declining in [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Hannah Bell

(1000+ posts) Send PM | Profile | Ignore

Wed Nov-25-09 03:10 PM
Response to Reply #9

19. the recession officially started 12/07, manufacturing was declining in

Edited on Wed Nov-25-09 03:53 PM by Hannah Bell

sectors before that. other oil use indices down as well, e.g.:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=7087269&mesg_id=7087269

there was a major, hard recession under carter/reagan resulting fom paul volker's tight money policies.

the drop in economic activity 1979-1985 was NOT the result of any "energy crisis" from the 70s; as the op acknowledges, there was a glut.

it was the result of a money/jobs shortage, deliberate policy of the fed & the banksters.

"2004" = herring.

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