Double Dip?
- Thread starter Jarod
- Start date
The National Bureau of Economic Research announced on 20 September 2010 that the 2008/2009 recession ended in June 2009, making it the longest recession since World War II....don't you read any newspapers in Fla. ?
Any future recession would be considered just another recession and nothing with one that was over 2+ years ago....
You need to bone up on the definition of a "double dip" recession.....
Im not the one who was on here a couple months ago breathlessly screaming with glee about how we were in a double dip or that a double dip was occuring.
cawacko
Well-known member
And who was on here doing that Jarod?
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The Almighty
Jarod
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The Almighty
Jarod was also on here telling us that the economy had never been stronger, that Obama had solved all our problems, that the Republicans were stuck with Perry, that unemployment would be at 3% by the election, etc...
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Then Jarod told us how his favorite actor of all time was Ben Affleck and his favorite movie was Gigli
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Typical liberal... why pay your own way when you can stick future generations with the bill. Right Dung?
I was? where? Do you have a cite?
Before Jan. 2010, it could have been the topic of a discussion, but not after......you're the only one I see mentioning it still....a full 2 years after
the recession ended.....
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yes, its the thread next to the one where people were talking about a double dip recession a couple months ago. You should know right where that is.
Except that the net effect of the austerity programme (see what I did there) is more debt! The difference between austerity and more debt and spending and more debt is that spending leads to growth and less needless human suffering while austerity leads to a double dip recession. You'd have a point if the net effect of austerity was debt reduction, but it isn't and hasn't reduced debt in any of the Euro Zone countries in which austerity programs have been implemented.
Also, the UK has managed lower growth than the Euro Zone. That's quite a feat.
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The Almighty
Austerity leads to more debt. Fucking hilarious. That is quite comical. Of course you will ignore Germany and its success at doing the right thing. Unfortunately for them they jumped in bed with other European nations that think like you do. Now Germany gets to pay for their moronic spend spend spend plans.
Tell us... how has the debt problem in Greece been going? They had about $240B in debt when their crisis began. How many billions have your spend spend spend masters pumped into Greece? How has that worked out?
Tell us... how has the debt problem in Greece been going? They had about $240B in debt when their crisis began. How many billions have your spend spend spend masters pumped into Greece? How has that worked out?
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The Almighty
Still waiting for you to show us who was on here a couple months ago " screaming with glee about how we were in a double dip "
What is quite comical is that you are disputing the indisputable. Austerity leads to more debt. Pick any country that has implemented austerity programs (Greece is one such country, by the way) and compare their prior debt levels to current debt levels. I doubt you will find a single one that has decreased debt. Take a look at Spain, which implemented all of the austerity measures imposed upon it only to have higher debt to GDP levels than before.
Austerity does not work. Period. End of story. There isn't a single success story out there.
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Germany. End of story.
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The Almighty
By all means, do list the annual spending of Greece, Spain, Italy etc...
cawacko
Well-known member
Jarod you still haven't identified who you are referring to. And "a couple months ago" usually doesn't refer back 20 months.
So you pick the strongest economy in the Euro Zone to begin with, which is basically the only country that could possible withstand austerity. And it has neither actually met its austerity goals (not even by half) nor actually cut it's debt (it's actually modestly higher).
It's debt has not decreased and it's economy is stagnating, while the very modest austerity measures it has actually implemented (as opposed to the ones it opposed) threaten to pull the entire Euro Zone into recession.
So, yeah, great example.