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Thread: McCain is wiping the floor with Obama tonite

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  1. #1
    Join Date
    Jan 2006
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    in dreamy land
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    33,788
    Quote Originally Posted by T_Own View Post
    you really don't think this depression is that bad? read the newspaper, watch cnn, look at the stock market. the dow and s&p are doing TERRIBLY. people are losing money all over the place. i was reading an article stating almost every major computer company was down over 10% in the last week alone (microsoft apple sun etc)

    you said it yourself, a small business could make ~10k a month which is no where near 250k a year. i don't see the point of that argument at all. unless you're trying to say that average goes against less than 10%..

    i don't really know how you can argue the root of that saying since its proved true in that case, as well as many others. unless you have a great inventions, you need financial backing to start a company, i don't even see how you can argue that.

    http://www.amren.com/mtnews/archives/2006/10/temp.php
    lower states = less intelligent also = states mostly republican
    http://www.halfsigma.com/2006/06/democrats_may_n.html
    showing an increase in democrat intelligence while a decrease in republican
    http://www.ti****nline.co.uk/tol/new...icle634182.ece
    bush's lower iq than others
    ok you're a moron because even for a RECESSION you have to have two consecutive quarters of negative gdp growth and we've not even had ONE yet.

  2. #2
    Join Date
    Mar 2003
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    3,435
    Quote Originally Posted by RuhlFreak55 View Post
    ok you're a moron because even for a RECESSION you have to have two consecutive quarters of negative gdp growth and we've not even had ONE yet.
    That's not entirely accurate. That's the standard definition of a Recession, but it's very simplistic. If we were to use that standard than there was no recession in 2001, according to government provided data. By that standard, 1980-1982 only saw one recession between the second and third quarter of 1980, yet economically those were very turbulent times. A more precise way to tell if we're in a recession is done by the the National Bureau of Economic Research. They define a recession using four statistics: employment, real personal income less transfer payments, real manufacturing and trade sales, and industrial production data. Their latest press release shows a decrease in nearly all sectors of the economy: http://www.conference-board.org/pdf_...ci/LEI0908.pdf.

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