Money Minute: Recession, Paulson, Oil

[Hatebot123]

This is bullshit i thought in capitialism Its Sink or swim. all ive seen is sinking and then whining for help. Thought capitialism was about compitition free markets undersell your competitors. And blah blah blah . And then there is the theroy that it was planned out so the banks could get a bailout from the government

[saveurhomenow]

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[speakmymind01]

ITS NOT OFFICIAL

I don't give a damn how many economist say the same thing.

It IS IMPOSSIBLE FOR A RECESSION TO HAVE STARTED IN DEC 2007

A recession is 2 back to back quarters of negative GDP, here are the numbers

2008 GDP

Q1 +.6% revised to 1%

Q2 +1.8%

Q3 -.5%

We've had a grand total of ONE quarter of negative growth and thats Q3

So the report is wrong.

[certifiedcritic]

I hope someone in hollwood will realise,that Mr.Paulson has the perfect naci look and invite him to do some acting.He ccould play Ribentropp or Mr.Fritz.I actually like him,he's a funny caracter.

[Bl4zz3r]

As if we didn't know this already..

[ZoomBFX]

Ok we are in one

now lets get out of it.

[valhala56]

I hate to break this to you ZoomBFX, we have been in a recession since 2007, this is the end of 2008 and they are just makeing it offical. There is no "getting out of it" They just dumped a trillion dollars into the banking and home mortages, Fannie and Freddie and it hasn't done anything. This is the begining of a depression, not a recession.

[ZoomBFX]

you know what I mean.

Think positive, need some positive thinking

[valhala56]

Yeah, more postive thinking like the TARP they just squandered another $850 billion dollars, now the line starts at treasury, CitiCorp, AIG, Fannie and Freddie, now GM and Ford.

Friend you have a very simplistic reply to my comment. You really need to study the situation. It is not just a matter of discovering a fiscal hole in the pocket with money leaking out. It is so complicated that even the very top has no answers.

[ZoomBFX]

Well fine.

Sorry I dont go into detail in my comments

[valhala56]

Your comments are indictive of the cluelessnes of the American people who do not understand the confluence of Peak Oil and the end of Capitalism. We will continue to waste capital and resources trying to revivie a dead economic system instead of doing the smart things such as spending this money on a national passenger rails system, providing jobs and transportation before energy gets to expensive for unemployed Americans to afford. This is precisely why it will be a depression.

[90210bt]

Oil is down becuase the individual stock prices are down. Not supply and demand!

[CharlieChan007]

Recession. Wow, that's a surprise. I thought George Bush was doing such a good job.

[karinablack]

Yeah wasn't it all just in our heads??