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Peter Schiff - Happy Days Aren’t Here Again



July 31, 2009 – Comments (3)

Have you heard the great news? The recession is over! It’s true; I saw it on TV. Why fret about growing unemployment lines when banks are paying big-time bonuses again?

Proof of the turn was apparently revealed by the 2nd quarter GDP figures that showed that the economy declined by only 1%. After four consecutive quarters of negative GDP, the green shoots now assume that growth will resume over the summer. But before we pop the corks, it may be worthwhile to ask, “what really has changed, and what is responsible for our new lease on life?”

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3 Comments – Post Your Own

#1) On July 31, 2009 at 2:13 PM, bigpeach (28.04) wrote:

What changed is we have had 4 quarters of contraction. But I haven't heard many people say the recession is over. Improving would be a more appropriate word.

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#2) On July 31, 2009 at 4:05 PM, lquadland10 (< 20) wrote:

Let me put this in terms a woman might use. During labor she would have contractions at a pain scale of 6 and then they fall off to a 1. Does that meen that her labor is over? No it will just continue just not as fast and hard. ;-)

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#3) On August 06, 2009 at 10:24 AM, CommonSenseInc (< 20) wrote:

Senator Dodd (AIG) has got to go!

Peter Schiff for Senate (CT) Join us for the all day fundraiser August 7, 2009.

Pledge your support. Pelosi needs an archenemy.

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