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 Post subject: Effects of Recession as observed today.
PostPosted: Fri Jul 18, 2003 2:33 pm 
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Joined: Wed Apr 02, 2003 11:37 am
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Location: Sin City - No relation to Marv.
I am of the mind that the recession (in it's most direct application) is in fact over. I ascribe and agree to the premise that the GDP is ~%3 greater than in Q4/2001. Conversely, I also feel that despite the recession being past in that sense, the recession is still strong in the job market.

My own reasoning is that once the belt-tightening began, many companies have actualized their late 80's goals of doing more with less. IT and software have matured to the point that they actually coded people out of a number of jobs. Granted, some of the downturn was self-correction: flushing the idiots that were making business more difficult because of their incompetence (aka the Peter Principle). It's still really goddamn hard to find a job unless you don't mind allowing yourself to be underpaid (objective disillusionment may be the case here), or underemployed (see previous parens.)

So... after having said all that, is the recession past? If so, why is the labor market still buggered?

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 Post subject:
PostPosted: Sat Jul 19, 2003 8:10 am 
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Well, stocks are slowly but surly rising again, so it could be. It would be nice.


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 Post subject:
PostPosted: Sat Jul 19, 2003 1:11 pm 
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Yay! And it'll all be the way it was before, except that now, we have a wonderfully inflated national debt to burn ulcers through the stomachs of those who won't be dead by the time there's hell to pay.

*coughalltheleadersofourcountrycough*

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 Post subject:
PostPosted: Sat Jul 19, 2003 2:21 pm 
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Maybe my interest rate in my bank account will get over 0.42%...

Hell even my CD account barely has an interest rate over one percent.


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 Post subject: And he's still promising to "grow the economy," by building more rural roads. Yay.
PostPosted: Sat Jul 19, 2003 5:37 pm 
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I lost a job, but I'll blame the gubernatorial goober of Alaska for it. Oh, and the almost equally idiotic legislature. Bastards. I'm certainly not the only one to lose a job because of it. I could, for instance, go on about all the teachers that, not having tenure, are going to be cut and other such shit.

Hmm. I'm waiting for someone to comment on what Bush is saying, and actually make this a debate.


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