Recession ends, So what's next?

depression

On what planet has the recession ended?

Hmmm... Recession ends... for Whom? The Rich and Powerful, maybe? The Unemployed, Under-employed, Newly Homeless... Those forced into early retirement without benefits... College students who dropped out to help support their parents... Those paying immoral interest rates and fees to "De-regulated" lenders... The 45 million U.S. Citizens without health care... The working seniors with no retirement benefits... The taxpayers who paid outrageous bonuses to the incompetent and unethical managers of "Bailed-out" corporations... Yes, Recession ends... for the Rich and Powerful!

Coulda fooled me! Where's the JOBS AT????

What's next? What about putting people to work, help the people in debt to pay low interests (including students with loans) and put in place regulations to stop the banks from abusing people in a time of crisis.

Now, it's back to another Goldman Sachs/JP Morgan fueled credit bubble--most likely this will involve the trading of "carbon credits" that they managed to incorporate into their phony cap and trade bill that will get passed by the Senate and signed into law by America's puppet-in-chief. The Federal Reserve will be given even more power by Congress to ensure this scheme lasts in perpetuity.

The corporate media will use it's typical carrot and stick journalism tactics to sucker Americans into buying into this next round of fraudulent investment scams, so these investment banks can continue to loot whatever wealth is left in America. Newscorp is purchased by Disney or General Electric. All electronic media will be controlled by less than five global corporations.

The military industrial complex will continue to have more influence over your elected officials than you will ever have. Our undeclared wars for empire will continue to expand.

Meanwhile, the value of the U.S. dollar will continue to plummet on world markets. The inevitable inflation this will cause will lower the standard of living for over 90% of the American populace. Unemployment will continue to rise along with bankruptcies and loan defaults. Civil unrest will eventually ensue.

Health care reform will still be the central issue of the American political discourse. The political left will continue to blame all their problems on greedy businesses and the political right will continue to call the political left a bunch of socialists hell bent on destroying America.

In a nutshell, it's going to get worse before it gets worse. But just keep reading articles like this and watching your American Idol.

The rich continue to get richer as they outsource everything possible, and the middle class just goes away.
Unless they address the greedy corps that are leaving, its just a slow downhill movement for all but the rich or those who have skills that can not be oursourced or insourced.

I would not agree that this recession is over yet at all. There is much more progress needed in order for this current recession to be technically over in my opinion.

declaring the recession is over when nothing happened is almost the most american way to spin it. We may have a horrible plutocracy but dammit we have the best p.r. people on this planet.

So I guess we are claiming to be out of the red zone because the rich are now making more money and the poor are loosing their houses and are being pushed into a deep hole of debt and bad credit. And if society ever gets back on its feet, the working class wont be able to buy a new house or auto because their credit is now shot to hell! Wake up Washington and stop claiming that things are on the up and up, because if anything I think we are due for a great crash. I think this holliday is going to destroy us once more. Why? Companies invest in extra products for people to purchase during this holliday season, of course you all knew that. But what you may not have thought about is, what happens when people dont buy the products? the companies loose money and the investments that were made for the holliday are a complete waste! Rodney E.

More BS brought to you by ex-GoldmanSacs employees running the Treasury/Commerce Dept.

Recession is over, it's now a depression!

Also, why is almost everybody I know still unemployed?

Well, I guess we ought to tell this news to the millions of people who have lost and are still losing their jobs. I'm sure it will make them feel LOTS better.

Translation - The rich have figured out a way to continue to grow their wealth. Everyone else is still fucked. Thanks New Yorker!

It ain't over where I live . In fact it seems the banks are just getting started robbing people . Local businesses are going under due to an abrupt loss of credit . Really they could be sued , but it takes money to do that . Hard working people , friends . No . They mock us by spinning this false statistic .

It's over for WHO exactly? Citibank,BOA and AIG?

http://current.com/items/91271243_gdp-is-a-false-indicator.htm

It definitely shows where the fucking priorities are in this country if they think the recession is over.

There has NOT been two quarters of "expansion." We had one quarter where the recession fucking SLOWED DOWN and another where it actually went into the green.

People are still losing their homes, banks are still failing, we're not gaining jobs!

How is this the end of the recession?

Because it's not our economy, we've reverted to the 1890's America.

This is corporate territory now, you're just a fucking peasant.

Call it what you like; we need a lot of jobs, and a lot of regulation on big banks and related Wall Street institutions. The economy and Dow have been turned around, but it will have been for nothing without jobs and regulation.

Man, everyone's an economist. Anyway, just because we're not seeing immediate relief doesn't mean happy days aren't here again. The end of the recession just means we're back to growth. Quality of life is (hopefully) going to eventually rise with it.

LIES!!! If the recession is over I'd have a job right now! & Twitter would be shut down!!! Is this someone's Idea of a joke??? On the bright side,I have avoided taxes!!!

Hm, moving on from the depression is the best thing to do....

It wasn’t the next great depression that everyone was forecasting. It could have been a lot worse, but then again it was a lot of fun while it lasted. The best part about it was that the rich took a big hit for once.

Maybe the worst is over but the impact is not

hmm i still refuse to pay back sallie mae.

This sounds great but is it too soon to party or have gotten enough faith to believe in the goverment again? I say this save, save, save, all that you hav no more can we take our country for granted.....

Until the energy system are regulated so they can't rob the people for their own pockets we are going to reapeat the same cycle. It allways starts with artificial energy shortage creation to line Wall Street comodity profitteer pockets, anouther case of profit for nothing except buying and selling and never doing any real work with the product,

Time to start hiring again? Oh and go out and buy stuff!

It's over for those who are rich who snatched up everything that the rest of us lost. So it's over so what's next? Another war or for sure a continuation of the one we already have? Isn't that the procedure? Oh, but only this time, it's the "right" war.

he he he... so not true!

woo hoo. capitalism is recovering. The rest of us are fucked. Sounds like more weapons of mass destruction. Democracy sounds great, How about we start here. First, we get rid of the lobbyists. Then let the scum sucking politicians beg for votes. Graft paydays over with. No corporate positions before or after elections.

Oh good, so no more foreclosures or job loss, and everything is now hunky dorey

"recession ends" ROFL. It's just getting started.... just wait til the bailout bubble bursts. You don't know how to live off the land then you are screwed. I am loving it.
Screw the moneyholders and white collar criminals with their ties and college diplomas. Their noses will be rubbed in feces reeeeaaal goooood before it's over.

Once the investor class starts letting their money go, we will have employment again. That doesn't fix the problem, the recession will be over, but poverty won't.

they aint done shit ! dont listen to the snake oil salesman ! i cant wait to see what kinda faces they make when they figure out all those numbers have no value. all that money they pretend to play with is wortless .
its brokered and traded and borrowed against and passed around untill the banks fail. and all the morons with there little slips of paper that dont mean anything. they wont be worth a bag of potatoes.. take that to the bank !

that wasn't too long of a recession... well not compared to others that have happened here and in other countries

What about the people?

All right some businesses are showing a second quarter of growth but the streets are still full of the unemployed, most of which are being ignored because their unemployment benefits have run out and that person is no longer on anyones stats.

Over? Not even. This country is more than a business sector or inaccurate statistics provided by bias firms ( special interests) There are firms staring into the depths of uncertainty from the edge of the cliff right now. What happens if they fail next quarter? Opps , my bad?!

This is just a ploy to keep AAA standing and does not mean this DEPRESSION is over . Washington should just admit the capitol is really on Wall st, why else risk our financial security and future stability on a hand full of businessmen?

After all if they were just any businessmen they would have been allowed to fail like all the bankrupt citizens that were not bailed out ;but are meant to perceive them selves (citizens) as having control...

Why only some bankers and merchants aren't being held to the same standards as citizens? 100 banks folded this year and counting, how many citizens are walking the streets because of those failures?

Only the intellectually complacent will accept such numbers without any after thought of the lives they have effected on and off the record..

only one mans opinion.

It's not over, nor will it ever be until credit and bank's become audited and regulated. This is a depression wave we're riding, right now we're on a crest of the wave, after Holiday season we will be on the trough of the wave again suffering at the mercy of our economy.

Its Over????

he means depression, right?