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Originally Posted by Cannon Shell
The definition of a good week certainly has changed. Yeah we only lost a quarter of a million jobs last month! But thats better than last month!
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??? Yes, the definition of a good week is changed when we're in a recession.
Yes, the job loss rate is slowing, and appears to be topping out. If you bother to look at that article I posted, containing charts and graphs of the past months/years in multiple categories, we can discuss those facts, rather than off-the-cuff emotional comments.
You'll see what has been happening to the measures of manufacturing, personal spending, jobless rate, employment - all appear to be stabilizing. That's good. Very good.
Much better than being in a depression, or a deeping recession.
Bush didn't do anything (hands off approach) and the recession worsened until it was about to drop off the cliff into depression. The initial implementation of the stimulus package (the majority of it not yet in place) - an idea supported by most, yes MOST independent and major economists - appears indeed to have slowed the recession, preventing us from going into a depression.
Of course, that could have just been "chance and good luck", too.
Of course I know that the new administration was supposed to get us into a period of rapid, sustained growth inside a month or two, immediately turning everything around, and as that hasn't happened yet, the new administration is a failure. LOL.