"Obama's An Idiot" is where my political bitches now live. Go ye thereto and read.

Tuesday, December 02, 2008

From The "No Shit" Files

It's official: US has been in a recession all year

WASHINGTON – It's official. The U.S. economy has been in a recession for the past year.

The start of the downturn was announced Monday by the National Bureau of Economic Research.

The NBER — a private, nonprofit research organization — said its group of academic economists who determine business cycles met and decided that the U.S. recession began last December.
Yeah, tell something we don't know.

But now I ask, what are we going to do about it?
Well, throw more of the seemingly endless supply of deficit money! Of course!:
House to push $500 billion stimulus bill

WASHINGTON (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi met leading governors on Monday to discuss the size and shape of an economic stimulus package that one Democratic aide said was likely to cost around $500 billion.

Fucking fucked up Pelosi. What a fucking idiot.



Jean said...

What were these assholes doing the year or two or three before last year?? fucking sleeping? or just enjoying their own rewards before they finally had to fire their butlers?

This kind of suck-ass situation does not happen over night. It crawls slowly before the big tumble happens (which has not happened yet)...and the recovery takes even longer.

curmudgeon said...

No doubt.

Anonymous said...

Those folks in DC are rich. They don't care if there's a recession or not, it won't hurt them. They aren't the ones losing their jobs, or worrying about paying their bills. They're untouchable.

curmudgeon said...

It's not their money.

GUYK said...

Hermit is right...a depression just means good times for folks who have their money buried somewhere instead of in the bank or market..

curmudgeon said...

Exactly. Like I said, it's not their money. They're still getting their salary from their constituents.