Status of the Election

[BanginJimmy]

looks like I should need to my health insurance. I can save that ~200 a month so I can pay my increased taxes.



I only hope that Obama and his cronies in the house and senate cant do so much damage in the next 4 years that it wont be fixable. We will now definately head into a recession.

[Jecht]

looks like I should need to my health insurance. I can save that ~200 a month so I can pay my increased taxes.



I only hope that Obama and his cronies in the house and senate cant do so much damage in the next 4 years that it wont be fixable. We will now definately head into a recession.

Now head into a recession? Where have you been - we are already in a recession.

[BanginJimmy]

Now head into a recession? Where have you been - we are already in a recession.

you obviously dont know the defination of a recession if you believe that.

[Jecht]

you obviously dont know the defination of a recession if you believe that.

That word is spelled definition, and here is the definition of a recession:

Rather, a recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

the official agency in charge of declaring that the economy is in a state of recession is the National Bureau of Economic Research (NBER). NBER's definition of recession is a bit more vague than the standard one that was described above; they define recession as a "significant decline in economic activity lasting more than a few months".