What is the deal with all this talk of RECESSION: PART 2 ?? Where??

WITH THE SOURCES YOU ALL REQUESTED BELOW! Do you know what a recession is? George Bush brought us out of a real recession! Our economy is f-in awesome!! Greatest story never told! 74 straight months of economic expansion!!! 5 percent unemployment!! (Essentiallty full employment!) Worker wages have... show more WITH THE SOURCES YOU ALL REQUESTED BELOW!

Do you know what a recession is?

George Bush brought us out of a real recession! Our economy is f-in awesome!! Greatest story never told!

74 straight months of economic expansion!!!

5 percent unemployment!! (Essentiallty full employment!)

Worker wages have risen 3.8 percent over the past year, a full percentage point ahead of inflation!

Growth in total compensation for the entire workforce is rising at a 3.3 percent pace after inflation!

U.S. productivity surged 6.3 percent in the third quarter of '07!!

Business inflation has come down from 3.5 percent a year ago to 1.5 percent!!

U.S. household net worth just scored a new record high of $58.6 trillion, with financial asset gains outpacing the drop in real estate values!!

Husehold wealth has increased 43 percent in just the past five years, despite $100 oil, $3 gas and the sub-prime infection!!

Recession!?? Are you for real
Update: http://spruce.flint.umich.edu/~mjperry/M...

http://www.realtor.org/Research.nsf/file...

http://data.bls.gov/cgi-bin/surveymost

http://www.bls.gov/eag/eag.us.htm

http://mjperry.blogspot.com/2007/12/us-household-net-worth-at-record-high.html
Update 2: dnbott...Larry is the man! That being said, I choose optimism over pessism! If you say recession long enough, everyone will believe it!
Update 3: elk571 ..... 5% unemployment is historically low!! I don't give a rats *** about other countries. The economies of most U.S. States individually exceed those of many other COUNTRIES!! 5% Unemp was just dandy when Clinton was in office, no?
Update 4: And you can cram you Econ 101 book in your pie hole! This is the real world! What do your friends investment banks closing have to do with RECESSION?? When bad investments are made, you get bit! Thats a correction in my book!
Update 5: And percentage of U.S. homeowners are foreclosing??? Less than 1%? What percentage of mortages are Sub Prime Mortgages?? 8%? And less than half of foreclosures are Sub Prime? Big Deal?
Update 6: Hey people: Don't buy more home than you can handle!!
Update 7: elk571....So your summer trip to France is going to cost you more??? Too bad. Ask U.S. exporters how they feel about the value of the U.S. dollar.
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