"No, I don't think we're going to hit recession but it's going to feel like it"

Yeah, especially when the media describes it. In fact, it'll seem like a full blown depression...

The bubble crash had begun. The trickle-down effects ripping through the economy was set in motion. Hundreds of companies were begining to go out of business with the business supporting them, soon to follow. Almost every single economic indicator was heading to the deep south, including the end of new jobs and the loss of  recently created jobs -- and who got hit hard - very hard - and got hit first? Poor and minorities - but, naturally, it didn't feel like anything but an era of peace and prosperity. Besides, there was still plenty of time left to blame it all on Bush, next year, after he won his party's nomination, the US Presidential election, and became President.

By Robert Scheer
Published June 6, 2000 in the Los Angeles Times
 
What great news last week--116,000 people, mostly black, Latino and poor, lost their jobs...

Sheer, an ex-far leftist writing columist, actually started the piece with those facts, but, in satirical manner, went on to poke at how corporate America and Wall Street were still making hay.

I really would like the Newsbuster family to understand that just because there is a CONSTRICTED economy it is not their fault nor for that matter President Bush's even if the MSM will try and make it out to be...........because denying there is a recessive economy is absolutely insane as Jack Welsh points out in the most stupid of statements.

Change the words Rush Limbaugh style and one soon hears how stupid Welch is:

You aren't pregnant it just feels that way.

You aren't dead but it just feels that way.

You didn't loose Peyton Manning it just feels that way.

I blogged here showing that America has been recessive for almost 50 years........we have now entered a CONSTRICTION which is going to hurt and is hurting most of America.

Robert Sheer is a putz of a moronic mind in his class warfare comments from his elitist Jack Welch ivory tower. Sheer and Welch are THEE problem in this world as Sheer has helped implement the devastating economy hurting the very people Sheer claims to care for and the very people this ass Jack Welch is shearing like sheep.

Welch in his feels like but isn't garbage has one purpose and that is to keep people spending money on GE products and NBC advertisers products. He doesn't give a rats a** pajamas that poor suckers hearing him are going to dump money into the stock market again or into commodities markets AND THEN THERE WILL BE LIKE LAST FRIDAY A MASSIVE SELL OFF WHERE gluteous maximus Welch will not be hurt, but will take the profits and the small investor will wonder how in the heck they ended up loosing 12,000 dollars in an investment which pimp brokers assured them they were buying correct.

There are huge segments of the United States economy which are in pretty good shape, but there are huge debtor segments in horrific problems and getting worse when the US is in stagflation now where oil is driving the price up on everything and people just can not afford 3 buck a gallon gasoline, because they are only earning 8 bucks and hour and their spouse is earning the same but paying a babysitter 4 bucks an hour.

That all sucks and it has nothing to do with Conservatives or Bush, but it has to do with this socialist cursed mob rule sucking on the public tit while Sheer and Welch sit in their high dollar homes not caring what prices are, because they have hundreds of thousands to spare.

This economy REQUIRES FIXING and it can be fixed, but I am past steamed when I hear some robber baron like Welch spouting assinine lines of it will feel like recession but it won't be one.

If it walks like a duck and quacks like a duck it is a duck, just like this constricted economy is a duck.

Are there any economists in this world who are talking about this or did economic understanding die with Milton Friedman!

God help us.

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