Tuesday, May 6, 2008

Who says we aren't in a recession?

Yep! George W. doesn't seem to think so but, get a load of this:

"It now costs more than a penny to make a penny, which is made of zinc and copper. And the cost of a nickel is more than 7 and a-half cents.
Surging prices for copper, zinc and nickel have Congress trying to bring back the steel-made pennies of World War II, and maybe using steel for nickels, as well.

The House is moving toward a vote on a measure that would direct the secretary of the Treasury to suggest a new, more economical composition of the nickel and the penny.

The Treasury Department opposes the bill as "too prescriptive."

It's to something alright!

6 comments:

sbvor said...

Answer - The quantifiable, objective facts say we are not currently in a recession:
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The Recession of 2008 That Wasn’t?
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Tina-cious.com said...

I coulda sworn I commented on this!

You're right sbvor -- we're probably not technically in a recession. That's what republican brown nosers do ya know.

Get technical when it suits them.

No Darlene -- we're not in a recession because - as per protocol the republicans - are sufficiently trampling the backs of the poor, lower and middle classes.

sbvor said...

Tina-cious,

Just remember, ever since 1980s "Reaganomics", recessions have been shorter & less severe & expansions have been longer & better. The proof is in the unemployment data.

If that is what you call “trampling the backs of the poor, lower and middle classes” then I suppose nothing will ever lift the veil from your eyes.

Darlene said...

Regardless of what the politically correct word is, or how mal absorbed the above entry, it is still indicative of a country that appears to be back sliding rather than moving forward and that was the message I intended to put out there with this post.

Tina-cious.com said...

Amen Darlene!

Oy -- talk about veils over someone's eyes.

Just IGNORE the fact that the middle-income through poor people of this country are suffering to pay their bills and that we are at historical levels for foreclosures.

BUT there are 5 less people unemployed so let's all rejoice in the streets.

Thanks for your informative comment.

Tina-cious.com said...

I wonder if sbvor thinks we're in a recession YET...

Things that make you go hmmmm....