Wait, I Thought It Was Over; AP Blurb Says Recession 'Will Likely Take Years to Abate'

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APlogo0409Laurie Kellman, call your office, check your e-mail, and tap in to your Twitter.

The Associated Press reporter didn't get the memo that recession is supposedly over, and that at a minimum you shouldn't be writing as if it will be with us for a while. She also erred in citing the weak economy as a bad thing for Democrats. The New York Times told us about a week ago that a bad economy is a good thing for Democrats who want to pass state-controlled health care and other freedom-restricting agenda items, because a bad economy increases personal insecurity. They're such pals of the little guy, you see.

Both busts against the conventional media wisdom are in Kellman's brief item from late this morning (bolds are mine):

Health care issues: Hold off for a better economy?

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A look at key issues in the health care debate:

THE ISSUE: Why can't President Barack Obama and congressional Democrats wait until after the recession is over to try to reform health care?

THE POLITICS: The recession is likely to take years to abate, but the 2010 midterm elections aren't far off. Obama and the Democrats who control Congress campaigned last year on a promise to extend health insurance to all and to curb the cost of care. By the next Election Day, the party in control wants a hefty list of accomplishments to point to, topped by having passed the most sweeping social change in a generation. There is no pocketbook issue more compelling than health care reform. It is intensely personal because it affects the health and financial welfare of voters and their families. Democrats are counting on the passage of health care overhaul to fuel optimism and persuade voters to keep them in power. Republicans are working hard to raise doubts about the emerging legislation — how it might add to an already huge federal budget deficit, increase insurance premiums or increase taxes.

Go to the link to see what Kellman believes it all means to next year's congressional elections.

Points to ponder:

  • If, as Kellman writes, ObamaCare is "the most sweeping social change in a generation," why is it being sold as a "no big deal, you can keep your doc, keep your plan, keep it all, no big deal" item?
  • What was the "sweeping social change" that was enacted a generation ago? Dictionary.com says that a generation is about 30 years. I'm figuring that Kellman must be referring to the election of Ronald Reagan and the simultaneous thumping of Jimmy Carter that occurred 29 year ago, almost to the day.
  • Alternatively, perhaps Kellman follows business and the economy on the side. The Community Reinvestment Act become law in the late 1970s, and has, with its subsequent beef-ups, certainly caused a lot of social change -- not for the good -- in the form of high foreclosures and distorted real estate markets.
  • Somehow, the idea that Congress will stay largely intact because of voter gratitude over passing a 1900-plus page monstrosity that STILL has death panels, has abortions, and takes away medical choice any time a private plan is tweaked in any way seem a bit far-fetched.

Cross-posted at BizzyBlog.com.

—Tom Blumer is president of a training and development company in Mason, Ohio, and is a contributing editor to NewsBusters


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The Clowns on NPR all laugh

The Clowns on NPR all laugh that the recession is stall talked about.  All of their retarder shows:  "Wait wait don't tell me"  Prairie Home Companion" Uggggghhhhh!  and another on I can't remeber at the moment.  It's all "The recession is over thanks to Obama!".  Yeah meanwhile back in reality, having children is almost abuse concidering how much debt they are going to be sddaled with.  I'm surpised we got to November.  Didn't we sell that to China too?

Disclaimer:

My current residence is such that I am bombarded with NPR daily.  There is a radio in the house and it's only ever tuned to an NPR station.  Either the 'Arts and culture station' or the standard News station.

The REAL kicker is thanks to Obama's spendulous package My wife and I won't have a house of our own again for a very long time!  YAAAAAY!

Suggest Some Diversity, Six String!

Assuming that a.) you pay rent where you live and b.) that your NPR-listening housemates welcome "diversity," you might want to suggest that some time be allowed each day for a talk radio station of your own choosing. Let us know how that works out!

 

Here are the rules...

If it's good for democrats, the recession is over.

If there is an election approaching and the economy might be an issue and there is a democrat in the WH, the recession is over.

If it looks like the republican might win, the recession will take years.

If a recession is bad for republicans (maybe) then it will be a long one.

 

You get the pattern?

Throw 'da bums out!!!

Before it's too late. 

www.loyaltoliberty.com

c5then

We would call this... Rules For Radicals, oui?

 

Add: If the Republicans win,

Add: If the Republicans win, the voting machines are still broken; if the Democrats win, we finally got the voting machines fixed.

No citizen's right to life, liberty, pursuit of happiness, or property is safe as long as Obama is President of the United States.

Reminds me

Reminds me of some other place...um, Afghanis...yeah, that's it..same election rules.

Maybe Jimmah can come and "certify" our elections too! 

Oh, Brother

Reading this tripe makes me want to vomit.

Yes this is the 'ol "have

Yes this is the 'ol "have your cake and eat it too" routine. If the recession is over, why not pass the health care bill? If it's stalled again in Congress, then the recession is still here. I've seen slower ping pong games in my time, but I can't remember when. Good 'ol AP always on top of the land fill of life. 

The Obama Ministry of Propaganda and Misinformation...

is in the process of lowering Americas expectations for all things economic.  This is being done to soften the blows that will come from Cap and Tax, the signing of the Climate Treaty, the EPAs war on CO2, no new drilling in Alaska or offshore, as well as the disaster that awaits us in the form of the Health debacle.

Obama is a liar and Truth is

killing his Marxist agenda.

Recessions begining end and Reivery

The problem is with the economists.

1)They define the economy as being in recessions after two quarters of the GDP decline.  If a Government bubble is deflated .the leader doing it is saddled with a recession even if it is clear that it averts desaster.

2)  The economists define the end of the rcession asl two quarters of GDP expansion no mater how low the economy has fallen.  I would call that <b>the bottom of the recession </b>but not econmistss and since Government spending is counted and not derated for debased currenty any big spending liberal can end a recession at anytime.  Of course if the economy continues its decline one quarter at a time they do not consider that part of the old recession and -4% followed by+02% is no recession at all. 

3) Recovery from a recession is not well defined.  It can be when the accounting value of the economy reaches the pre recession values.  In the great depression this point was reached even though the tonage of manufactured goods continued down through 1938 into 1930.   Not a good definition.  It can be when the inflation adjusted value of the private sector economy reaches parity with the pre-recession value.  This happened in 1954 after the Great Depression.  But that does not adjust for increased population.  By the per capita economics is difficult because the US has not recovered from the Great Depression though we came withhin 8% of 1828 in 1963 and we are also below from the recessions in the Seventy's. 

Economists do not like to remind their pay masters that Government intervention through the twentieth century is still failing after eighty years.  

 

 

Not to mention the fact

Not to mention the fact that time has nothing to do with.  It's not going to be over after a particular length of time passes, the depression (which is what I think we're in) won't be over until the socialis policies that created it are repealed.

According to contrarian thinking

if the MSM says the recession will last for years then it is really almost over.

"Somehow, I told you so, just doesn't quite say it." Will Smith in 'I, Robot.'

→ I'm a contrarian

And as such, I'm skating on thin ice with my retirement in the market.

We've only got a few month (at most) before the crash.

ACORN - creating or saving votes since 1970 

Cool Arrow

I was being tongue in cheek but I don't think the second shoe has hit the floor or the you know what has hit the fan.  I was referring to the former non-agenda non partisan MSM which used to exist and used as contrarian signals. They were harbingers of change because of the extreme views on the covers of their mags but now they are so politicized they are no longer 'reliable' because propaganda trumps all.

"Somehow, I told you so, just doesn't quite say it." Will Smith in 'I, Robot.'

→ Understood

They aren't reporting that the recession (we just came out of?) is due entirely to Government spending and private sector job cutting.  J&J announced cuts just today.

All they seem to want to report is that the numbers look good, without giving us the rest of the story.

That's why more Democrats watch FOX than any other News Network.

ACORN - creating or saving votes since 1970 

cool -->

"That's why more Democrats watch FOX than any other News Network."

Haha.... and very likely true. Unless you have actual numbers to prove it. Then you'll REALLY put a smile on my face.

Cool, source it! Link or slink!

:) 

→ Sorry Shy

I was waiting for somebody to call me on that one.  I made it up.  It's not true yet.

ACORN - creating or saving votes since 1970 

Cool Arrow

This could be a more deadly Carter redux. Inflations has not really been a problem, yet. But I can't see anything but inflation on the horizon. On three fronts: Money chasing scarce goods, printing money to finance the 'bailout' and commodities like oil having to be paid in dollars. We don't even have the weak manufacturing base of the late 70's or 80's. More taxes on the horizon and much less disposable income. So stagflation ala 1980 is what I see. There may be a silver lining in all this. It probably is necessary to get rid of the Marxists in power hopefully forever. There is no guarantee of a Reagan on the horizon though.

"Somehow, I told you so, just doesn't quite say it." Will Smith in 'I, Robot.'

→ Smoke and mirrors

Ahh yes.  I remember when we were told manufacturing was going overseas, but don't worry because we're morphing into an "information economy".

Well, the jobs are gone, but Infotech hasn't quite panned out as prophesied, due to its mercurial ability to slip across borders and oceans as electrons are wont to do.

Excuse me while I call Kuala Lampur to have my password changed.

ACORN - creating or saving votes since 1970