recession now? yep

WASHINGTON - The economy fell into recession late last year, according to a panel of economists that is responsible for determining the dates of business cycles. Monday's declaration by the panel of the National Bureau of Economic Research confirms what many private economists, lawmakers and members of the general public already have assumed and puts an official date on it: A U.S. recession began in December 2007. For those of you who were waiting for final confirmation; we have been in a recession since last December. Where are our contractor buddies to cheer us up and tell us how good THEY are going to do at the new gym? If we just had MORE Happy Talk, all this would disappear. Its obvious that Unhappy Talk about record rates of unemployment, forclosures, bankruptcies, and the like that have caused all this mess! Sure, it may be hard to find anything good to say when you have lost your job, home, life savings, and business but thats just because they arent trying! They are all just content to sit home and collect their unemployment checks!!! Lazy, shiftless bums...... all of them.. and probably all Democrats too... they just need PATIENCE!! as I am sure that some of the contractors wealth will trickle right down to them.... maybe... eventually ... perhaps.... soon..... any minute now....

Jubak

For example, on Friday, Oct. 3, the Department of Labor reported that U.S. payrolls plunged in September. Job losses were the worst in five years as employers cut 159,000 workers from their payrolls. Unemployment stayed steady at 6.1%, but that's still 1.4 percentage points higher than in September 2007. So far, the economy has lost 760,000 jobs in 2008. Last year, the economy added 1 million jobs. Hours worked, a better measure of the state of the economy than the jobless number, went the data one better: Hours worked fell to their lowest level since the government began tracking the number, in 1964. On that trend, this slowdown could match the recession of 1981-82, when the economy shrank by 2.7%. All this Unhappy Talk! Its causing our economy to collapse! Where IS that Happy talk guy? At least HE could tell us some Happy stories about how well the contractors and other special interests are doing!!! THAT would fix our economy!! More Happy talk!!! and is it possible that a little might even possibly (theoretically) trickle down eventually to the average taxpayers?!!! probably not... but it IS a Happy Republican Thought !