O'Reilly Thinks We Are Still In A Recession
By: Steve - January 27, 2011 - 9:00am
Yes he really thinks that, on the Tuesday night Factor show the insane Bill O'Reilly made a statement saying we are still in a recession. He said this:
O'REILLY: A CNN poll shows that 43% of Americans believe things are going 'well' in the country, which is up a whopping 14 points in one month. Some say it's because the economy is getting better and Americans are optimistic that bad times cannot last.Notice what he said, "and that is the key to getting out of this recession." As if we are in a recession, which we are not. In fact, the recession ended a year and a half ago.
The truth is that things are still shaky - the feds have not cut back their spending and unemployment remains above 9%. Also, the battle between liberals and conservatives continues to rage in a very intense way.
So the poll is kind of inexplicable, but the more optimism there is in the country, the more consumers will spend, and that is the key to getting out of this recession.
Here is the official statement from the The National Bureau of Economic Research:
The National Bureau of Economic Research, a panel of academic economists based in Cambridge, Mass., says the recession lasted 18 months. It started in December 2007 and ended in June 2009. That was the longest of any recession since World War II.Now who wants to tell me that O'Reilly does not lie to make Obama look bad. Here it is, he is lying that we are still in a recession, because he does not want to admit the economy has been doing good for a year and a half, then he would have to give Obama credit for it.
Previously the longest postwar downturns were those in 1973-1975 and in 1981-1982. Both of those lasted 16 months.
The decision makes official what many economists have believed for some time, that the recession ended in the summer of 2009. The economy started growing again in the July-to-September quarter of 2009, after a record four straight quarters of declines.
Thus, the April-to-June quarter of 2009, marked the last quarter when the economy was shrinking. At that time, it contracted just 0.7 percent, after suffering through much deeper declines. That factored into the NBER's decision to pinpoint the end of the recession in June of 2009.
O'Reilly also claims we must cut spending to get us out of the recession, a recession we are not in, when the spending cuts will not create one job, and it will actually hurt the economy. Proving once again that O'Reilly is nothing but a partisan right-wing hack, who lies and spin to make Obama look bad, while not giving him credit for anything.
When Bush left office the economy was losing 700,000 jobs a month, we were in a recession, and we were on the edge of a depression. In 2 short years Obama has got the economy back to gaining 120,000 jobs a month, he ended the recession, prevented a depression, and the stock market even broke 12,000 on Wednesday.
All the economic news is good, and it's getting better. But O'Reilly ignores it all, because he can not give Obama credit for anything. In fact, O'Reilly still thinks we are in a recession, which is just ridiculous.
And this is the man who says he is an honest journalist that you can trust to report the truth. He even slams the rest of the media as corrupt, biased, and dishonest, when he is more corrupt, more biased, and more dishonest than anyone he criticizes. I document his lies every day, as he tells you he is a truth teller.
To read the O'Reilly Sucks blog, and get more information about
Bill O'Reilly make sure to visit the home page: www.oreilly-sucks.com
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