Ok, Obama said earlier the economy is no longer in a recession and is growing. But Goolsbee

[Subdivisions]

just told Big Ed that we're currently in a recession.

So I'll ask again, which is it?

[Duer 157099]

1. I don't believe anything Obama says anymore

Fool me once, shame on you. Fool me twice, shame on me.

He won't fool me again.

[niyad]

2. we are in a depression, period.

[Donnachaidh]

3. It's whatever sounds good in the particular argument

Goolsbee didn't offer up anything for the 99ers, did he?

[Subdivisions]

5. Nope. n/t

[evirus]

4. Its probably a difference of definition which explains the change in message

eom

[Subdivisions]

6. We have the Prez on one hand and his economic advisor on the other. And they don't jive. n/t

[jwirr]

7. Its that two worlds thing. They are not in recession - we are.

[eridani]

8. Obama's right. However, it is a FUCKING JOBLESS recovery

And neither he nor anyone else in DC with the exception of Sanders and Kucinich seem to give a rat's ass.

[iris27]

9. In technical economic terms (i.e., a recession is two successive quarters of negative growth),

we are not in a recession. The nation's GDP has shown (very slight) positive growth each quarter since Q2 2009. However, obviously people are still hurting and so they still recognize it as a "recession" in those terms - that we'd all like to see more job growth, ends to wage freezes and furloughs, etc. That things are still far from normal.