I know everyone is going to be shocked about this but:
The nation’s economy peaked, and the recession began, in December 2007, the National Bureau of Economic Research announced today.
The group’s Business Cycle Dating Committee, the semi-official arbiter of these things, defines a recession as “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators.”
While analysts have been all but certain that a recession has been underway for months, there has been some debate over exactly when it began. Last winter, employers started cutting jobs and growth slowed significantly, but the decline appears to have accelerated over the summer.
So much for the “free market” solving everything.
Don’t say it! If you don’t say it out loud, it never happened!
We are officially in deep political shit.
http://watch.ctv.ca/news/latest/done-deal/
Copoka, if you call a government with 52% of the vote taking over from a government with 37% “deep political shit,” then you’re clearly suckling at the conservative party’s propaganda shit-teat.
CTV is a conservative station, as is global.
Mr. Dion failed to win the election 6 weeks ago, failed to approve himself as a leader of his own party. And now we gonna have him as the Prime Minister backed by the separatists party, who dream day and night to chop Quebec from Canada.
And all this, while we have a crisis at a porch. No doubt why today TSX fell down to the Earth’s magma level.
I’m not sucking at anything, for I already survived two freaking coup-d’etat and have my own opinion on what’s going on.
When last time the coalition government prime-minister ruled, it was just for 3 months. And it was in 1928. Tell me, when was the Great Depression, you smarty?
Are you honestly implying that the great depression was caused by Mackenzie King forming a coalition government? That’s laughably historically innacurate.
You seem to have a misunderstanding of how parliamentary democracy works. Each riding elects a member of parliament, and then the parliament forms the government.
Dion won his riding, and he is perfectly allowed (as is any member of parliament) to form a government. All you need is the approval of the governor general. It helps to have more seats than your opponent (as the coalition will) if you want a stable government.
You certainly are sucking at two things: arguing, and understanding the Canadian political system.
“All you need is the approval of the governor general.”
Yeah, just a small thing.
As for the Parlament rules (a Canadian politics expert should know that), the governor follows an advice of the Prime Minister at power.
Hense, be prepared for the next election in January with your lame-duck liberal leader who was unable to collect money on the previous election.
Actually the money is the reason. When Harper proposed to stop funding political parties from governmental funds, the other three parties made up this coalition just to keep their pants on.
PS. Frankly, you use the word “suck” so often, I start thinking there exist a fetish in your mind. Leave you with that, smarty.
When will the recession become a crisis, and when will the crisis become a depression? I sort of want to push carts full of dollar bills towards bakeries for a loaf of bread and be forced to read books for amusement. I do not, however, want people to commit suicide or my own quality of life to decline. I just want the whimsical poverty — like when Mickey Mouse, Donald Duck and Goofy carve a bean into slices like it’s a turkey.
It would be funny to see somebody stuffing a bean on Thanksgiving Day.
If inflation and GDP were calculated the same way they were in the 1970s, it would be clear that we have been in recession for almost every quarter since 2001.
Anybody read “Disaster Capitalism”?
The people who caused this fucking mess and profited greatly have all their money put away nice and safe on the sidelines, waiting for the next opportunity. So while we’re carving up beans and standing in the unemployment line, they’ll be buying that house you just forclosed on for pennies on the dollar. Merry Christmas!