What happened to all the DOUBLE DIP predictions by the C9 and the right wing??

Discussion in 'Current Events' started by The Other Side, Jan 20, 2012.

  1. The Other Side

    The Other Side Well-Known Troll Troll

    What happened to the double dip recession that was the talk of the town for the republicans a year ago? All the talking heads on FOXED SPEWS including Neal Cavuto said a double dip recession would hit the USA in the 4th quarter of 2011 and THAT NEVER HAPPENED.

    In fact, profits were up for all business and wall street.

    I remember all the talk on this board about the economy going into a second recession, and yet, the country goes forward inching out of the BUSH depression.

    CONGRATS Mr President, you proved them ALL WRONG!

    http://images.businessweek.com/mz/1...chan=magazine+channel_news+-+global+economics

    Peace.
     
  2. cachsux

    cachsux Wah

  3. moreluck

    moreluck golden ticket member

    Profits up for all business ???????......all Vegas casinos are down for the last 2 years. I don't think you'll find Solyndra up with their profits (what profits?).

    What a whacko statement.....even Google missed their numbers when they reported the other day. What bizarro world are you in ?????????????
     
    Last edited: Jan 20, 2012
  4. trplnkl

    trplnkl 555

    Now it has become obvious the "the other side" means the other side of reality.
     
  5. bbsam

    bbsam Moderator Staff Member

    Do you really doubt that the economy is better off than it was in late 2007?
     
  6. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    I don't think anyone doubts that but TOS paints a rosy picture that is a far cry from reality.
     
  7. trplnkl

    trplnkl 555

    didn't say that. What I was referring to was TOS's claim of "In fact, profits were up for all business and wall street.". The only fact there is that TOS twists the truth. Yes, some businesses are doing better, but some businesses are no longer around. There are businesses going belly up everyday right now as there were back then. and there are still less people employed now than in '09.
     
  8. bbsam

    bbsam Moderator Staff Member

    Ok. But reality today is a far cry better than in the past few years and there were very dire predictions about a double-dip. So where's the love for the administration? LOL. Didn't think so. When there is economic turmoil, it's Obama's fault. When things are obviously getting better (and yes, it's still too slow), "the economy is getting better in spite of the administration." TOS is right to point out a certain hypocrisy in this.
     
  9. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Fair enough but to say that all business is doing better is simply not true. Ask the folks who work for Kodak.
     
  10. bbsam

    bbsam Moderator Staff Member

    Kodak went down because of digital innovation and a business model that couldn't adapt to the new technology fast enough. That kind of thing happens in good and bad economies. TOS should have said "alot of businesses are doing much better."
     
  11. moreluck

    moreluck golden ticket member

    Kodak was first in that new innovation.....but apparently they had a guy like Obama leading the co. and he didn't run with the digital tech...............probably kicked the can down the road on deciding what to do.
     
  12. bbsam

    bbsam Moderator Staff Member

    That's weak--even for you.
     
  13. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Would that make it incredibly weak?
     
  14. island1fox

    island1fox Well-Known Member

    :happy2:--The most amazing thing about any good news coming from the"other side" is the fact that the Bush tax cuts were extended by Obama --as the right insisted that letting them expire would halt any growth.
    If the economy is recovering --a big if --what happened to all the Bush policies that still remain from over three years ago-that supposedly drove the car into the ditch.

    You would think that by this time ,especially after two years of complete control ,the Dems would have put in place a better Tax policy, put forward a budget,would have implemented the debt reduction recommendations that were made by the committee that Obama formed and by this time Obama would have put distance between him and Jeffrey Immelt --the great job creator(overseas) and the Tax avoider.
     
  15. bbsam

    bbsam Moderator Staff Member

    It would.
     
  16. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Perhaps the folks should have listened a little more closely to the words in the song "Kodachrome"---"I can see the writing on the wall."
     
  17. klein

    klein Für Meno :)

    What you seem to have already forgotten, is that the Bush recession lasted almost the entire first 2 years of Obama's presidency, and not only in the US, but also world-wide, except for the BRIC countries.

    Every other country still had stimulus programs in place, too .
    Austierity messures (or stimulus ending) didn't start until Jan1st, 2011 in most other countries, some even later, like Greece, Italy and Spain.
    Of course by then, Obama has already lost the house and couldn't get hardly any bill passed afterwards.

    He even formed the Super Committee to try and get some cuts done. - You know how that went !
     
  18. moreluck

    moreluck golden ticket member

    7 days makes one week !!
     
  19. moreluck

    moreluck golden ticket member

    If there are Bush policies still in place it's because Obama doesn't have a clue or an idea of his own on how to manage !!

    He is learning on the job and I have about as much respect for him as you all have for a manager who never drove & delivered.
     
  20. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.