Thread: "Recession Officially Ended June 2009" so what will rightwingers whine about now?

Yes, recovery is slow. Yes, we need more jobs. But the recession is officially over. What will they whine about now?

“WASHINGTON – The longest recession the country has endured since the Great Depression ended in June 2009, a group that dates the beginning and end of recessions declared Monday.
The National Bureau of Economic Research, a panel of academic economists based in Cambridge, Mass., said the recession lasted 18 months. It started in December 2007 and ended in June 2009. Previously the longest post World War II downturns were those in 1973-1975 and in 1981-1982. Both of those lasted 16 months.
The NBER decision makes official what many economists have believed for some time, that the recession ended in the summer of 2009. “

http://news.yahoo.com/s/ap/20100920/ap_on_bi_ge/us_end_of_recession

In terms of GDP, it is correct to say that the recovery started almost exactly at midnight, July 1 of last year.

But here's the deal: since later that month, when Obama claimed credit, he has owned the economy. He can't take credit for the good and blame others for the bad; yet that is exactly what he has tried to do.

Since July of 2009, there has been no legitimacy in blaming Bush for any economic woes whatsoever (including the costs of war, which Democrats have fundamentally had control over since January of 2007).

Obama must also take ownership of unemployment. We were told the unemployment figures would stay in a certain range with the stimulus, and they have not.

I would like to see Obama man-up and demonstrate a little spine. And that is nothing new.

anything their sad hearts desire

How about these:

- 9.6% unemployment rate
- Back to back .4 Trillion deficits, with more Trillion dollar deficits on the horizon.

- A Stimulus Act that utterly failed to achieve its goals.

Rightwingers wont accept this. They wanna blame Obama forever, even though it was Bush who caused it

Good call 0 and let him know we do not need any more stimulus, or lack of.

Perhaps they will whine about that Jackson Beiber dude.

I've said this for a while the recession is over, now we are in a Depression.

Real unemployment is 22%
inflation 6%

The depression remains intact upon you LibTARDS.

What in the fuck are you smoking?