Comments on: Perino On Whether The Country Is In A Recession: ‘I Don’t Know’

By: upnorth

upnorth — Wed, 08 Oct 2008 14:54:03 +0000

Ms. Perino. If you, and the folks you speak for, cannot see that the 2400 point slide in the DJI, the 195,000 lost jobs, or the 2 trillion dollars just lost from Americans 401K’s are causing a recession, then all of you folks do not deserve a job giving ELMO “test tickles” on the factory line let alone running a country! But y’all deserve a crack at serving on the front lines of your morally bankrupt invasion of Iraq.

By: DallasNE

DallasNE — Wed, 08 Oct 2008 04:59:46 +0000

We have had job losses for 9 straight months (10 in the private sector). That is three quarters and a recession only takes two quarters. The answer is obviously yes.

By: MrSquirrel

MrSquirrel — Wed, 08 Oct 2008 00:21:08 +0000

This is understandable. When you’ve got about $19 million dollars, your family probably doesn’t notice a recession so much.

By: lzcrmc

lzcrmc — Tue, 07 Oct 2008 23:37:44 +0000

Ignoranceisnotbliss,

How many more points does the stock market have to lose before it is considered that we are in another depression? Anyone have an idea? It’s down 445 right now.

The number of points the Dow drops may have some correlation to a recession or depression but it has nothing to do with determining whether we’re in a recession/depression. Those are determined by the rate of growth (contraction) in GDP.

BuckieBoy,

Technical smechnical, how many of you have seen your dollars not buy jack-sh!t at the grocery store, how about filling up the car, oh and that job you lost, it ain’t coming back

Inflation is not typically associated with a recession (although they can occur simultaneously as in the “stagflation” of the 70’s) so citing rising prices is a poor indicator of recession.

You wouldn’t argue that a single hurricane means that global warming has gotten worse or that falling temperatures are proof of global warming. Same idea.

If we progressives want our arguments to be taken seriously, they have to make sense.

Regardless of whether we are in a recession, unless you’re rich, the economy has sucked for a long time and its getting worse.

By: BaxterJ

BaxterJ — Tue, 07 Oct 2008 22:17:15 +0000

I almost feel bad for her, but not really.

By: bentley1

bentley1 — Tue, 07 Oct 2008 22:03:32 +0000

When it gets too expensive to eat my stomach is in a serious depression.
tony and lido

By: regular_joe

regular_joe — Tue, 07 Oct 2008 21:46:01 +0000

This entire segment has a Condi Rice, no-one-could-have-foreseen-the-writing-on-the-wall quality about it that we’ve come to expect from this administration.

Q: Dana, could anyone in this administration find their butt with both hands and a butt finding device?

A: I don’t think anybody could …

By: MapleStreet

MapleStreet — Tue, 07 Oct 2008 21:38:44 +0000

Does anyone else remember the 2004 election campaign that included that Bush inherited a recession and some other problems which put him in the roughest spot ever ?

Well if Clinton’s last year in office was a recession, and it was a whole lot better than the market for the last few years, why isn’t now a recession?

By: Comrade Rutherford

Comrade Rutherford — Tue, 07 Oct 2008 21:19:09 +0000

Bush issued an Executive Order (decree, fiat, edict) that there is no recession.

Therefore there is no recession, the Emperor has spoken. Facts have a liberal bias and can not be trusted.

By: Shayne

Shayne — Tue, 07 Oct 2008 21:17:57 +0000

For the last two weeks her boss has been on the news wringing his hands and crying the sky is falling the sky is falling give me buckets of money before we the whole economy crashes and she can’t say whether we’re in a recession. I can say that “technically” she’s an idiot.

By: shoeless

shoeless — Tue, 07 Oct 2008 21:10:24 +0000

Remember who we elected to clean up Reagan’s mess?

By: Abu Ben Hussein Leporello

Abu Ben Hussein Leporello — Tue, 07 Oct 2008 20:49:05 +0000

Dow closed down down 508 points. Well, George W finishes up his ultimate achievment. Regrettably there’s nobody to bail him out of this mess. Once again W will proudly stomp away, leaving somebody else (We, the People) to clean up his mess. Once again, Mission Accomplished!
Impeach Pelosi, Cheney and Bush and Save the Constitution!

By: Scottsdalian

Scottsdalian — Tue, 07 Oct 2008 20:41:51 +0000

Recession?????

Shit, I’m worried to death about a Depression.

I think the $700 Billion/$840 Billion bailout kinda answered the recession question and is the source for my Depression worries.

By: Uncle Fester Lurks

Uncle Fester Lurks — Tue, 07 Oct 2008 20:41:16 +0000

Just wait, within a month of Barack Obama’s presidency the reich will be wailing and whining about the recession or depression and will blame it on Barack and the democrats.

By: drago

drago — Tue, 07 Oct 2008 20:28:38 +0000

What, and she doesn’t know how many houses she owns either?

Republicans do nothing but lie, lie, lie, lie, lie, lie, lie, and tell more lies.

They are PATHETIC!

Eight is ENOUGH! NO MORE years!

By: MCMetal

MCMetal — Tue, 07 Oct 2008 20:23:54 +0000

Q Do you think the U.S. economy is in a recession?

MS. PERINO: You know I don’t think that we know. … So I couldn’t say. The classic definition of a recession is not something that we could determine now, or forecast. It’s something that people look back on. […]

I don’t know — look, April, I don’t know if there’s — if we are in a recession right now. And in fact, there’s no one who could actually tell you if we precisely are in a recession right now. […]

But I don’t think anybody could tell you right now if we’re in a recession or not. Those are just — those are determinations that come later.

The determinations that come later like the difference(s) between the Cuban Missile Crisis and the Bay of Pigs that you do not understand , either ?

Well done , airhead…………..

By: shoeless

shoeless — Tue, 07 Oct 2008 20:18:51 +0000

RUCerious Says:
————————————————————-Hey, we’re only down another 350 on the DOW, tell us again, Ms Purina, how we’re gonna be eating dog food next year?

Have you seen the price of dog food lately?

By: shoeless

shoeless — Tue, 07 Oct 2008 20:17:09 +0000

RUCerious Says:
————————————————————-
…why would she know shit about a recession?

Is she too young to remember the Reagan years?

By: marisha30_1984

marisha30_1984 — Tue, 07 Oct 2008 20:15:26 +0000

I wish the candidate would discuss global poverty more. According to The Borgen Project:
$30 billion: Annual shortfall to end world hunger.
$540 billion: Annual U.S. Defense Budget

By: katy

katy — Tue, 07 Oct 2008 20:07:37 +0000

repugs are trying to tip the scales here… PBS poll:

Do you think Sarah Palin is qualified to serve as Vice President of the United States?

http://www.pbs.org/now/polls/poll-435.html