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Recession or depression

February 12, 2013

Our federal government is telling us that we are in a short term recession. Well, if you believe that I have some beach front property up in Alaska I’ll sell to you....

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(35)

CaymanJim

Feb-12-13 2:25 AM

Sorry...can't recall where in the Bible we're told the yellow race will take over the world. Could you please enlighten the rest of us about that one?

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JosephOtto

Feb-12-13 5:16 AM

The recession ended in June 2009. And all the "yellow people" (and the rest of the world) were very relieved about it. You witless twit.

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JosephOtto

Feb-12-13 5:16 AM

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MrShaman

Feb-12-13 6:03 AM

"The Bible is right when it tells us that the yellow race will rule the world. The Chinese own just about everything." - Al Mills

*

Which passage would that be??

I'm guessing you're probably referring to some Klavern's version.

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wwhickok

Feb-12-13 6:12 AM

No education was needed for the writing of this letter.

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ToTEXASfromPA

Feb-12-13 6:18 AM

Revelation 20:7-9 "When the thousand years are over, Satan will be released from his prison and will go out to deceive the nations in the four corners of the earth—Gog and Magog—to gather them for battle. In number they are like the sand on the seashore. They marched across the breadth of the earth and surrounded the camp of God’s people, the city he loves. But fire came down from heaven and devoured them."

I can't see an explicit reference to yellow people; but there are some that think it MIGHT be Chinese or Mongolian or Russian....no mention of the US.

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USABorn

Feb-12-13 6:47 AM

One more time!!!!

We have a $16 TRILLION+ debt, of which China "owns" $1.2 TRILLION......just a little more then Japan "owns."

SOME of the other countries are United Kingdom 5.1%, Saudi Arabia/Oman/UAE, etc., 2.6%, Brazil 1.8%. and lots of others who own small percentages.

Individuals in the U.S. own 12%. U.S. debt held by the public will break $10 trillion shortly. The Federal Reserve owns 9%.

In summation, foreigners hold about 47% of the debt while we own 53%.

The next time you hear someone say China owns this country, tell them they are full of crap!

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rick424

Feb-12-13 6:50 AM

The yellow race? Oh brother.

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JerryfromRI

Feb-12-13 8:02 AM

A recession is two quarters of negative GDP growth. We have not been in a recession since 2009.

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CMReeder

Feb-12-13 8:43 AM

Mr. Mills you give the right a black eye and a bad name.

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enigma

Feb-12-13 8:45 AM

"The Bible is right when it tells us that the yellow race will rule the world."

For once I have to agree with Shaman. This is not in any version of the Bible I've ever seen. Why did you have to mess up a relatively good letter by putting this nonsense at the end?

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enigma

Feb-12-13 8:51 AM

JosephOtto,"The recession ended in June 2009."

Another government numbers game. The GDP includes government spending so if you increase government spending enough you can make it look like the recession is over. That's exactly what happened. The private sector is technically no longer in recession, but to say it has recovered is not accurate. There are fewer people working in this country than at the depths of the recession. The economy is bad and everything the government is doing now is making it worse.

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djzlucky

Feb-12-13 9:08 AM

Getting to another of the letter writer's assertions, ARE people in this country depressed? Or any more depressed than they've ever been?

I know it could seem that way to a person who only reads the letters and comments on this site, but overall I think people are still out there living their lives, finding joy when and where they can, and making do the best they know how.

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CMReeder

Feb-12-13 9:21 AM

Yeah enigma and the republicans only want to make it worse.

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wwhickok

Feb-12-13 9:23 AM

Can't believe I'm saying this..but I basically agree with everyone here...including Enigma and Shaman (shaman being the real shocker ;) )

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Josh84

Feb-12-13 10:22 AM

How is no one pointing out that Alaska ACTUALLY has beach front property.

I suppose it does properly set the tone for the rest of his letter.

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rick424

Feb-12-13 10:29 AM

Actually Josh I was going to say something about beach front properties in Alaska. It is expensive and there are even places where you can see Russia from your house, those are really expensive.

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CHayes

Feb-12-13 10:47 AM

"A recession is two quarters of negative GDP growth. We have not been in a recession since 2009."

Why Jerry, if I didn't know better, I'd think you were saying that certain people don't even know what a recession is.

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SteelerFan

Feb-12-13 11:00 AM

"It is expensive and there are even places where you can see Russia from your house, those are really expensive."

I remember seeing Russia when I traveled all 57 states.

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CMReeder

Feb-12-13 11:18 AM

You lived in Russia. How nice for you.

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rick424

Feb-12-13 11:41 AM

You traveled all 57 states? Lucky you, I only been to 44 so far.

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jeff33

Feb-12-13 11:51 AM

The Chinese own half the Country and the Asian Indians own the other half.

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djzlucky

Feb-12-13 12:09 PM

Not that I take it personally or anything, but I'm wondering why someone disagreed with my earlier question. If they feel that we are more depressed, just say so!

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JerryfromRI

Feb-12-13 12:11 PM

@CHayes

I think it's important to understand the definitions of the words we use.

"Feels like a recession" and "recession" are two different things. I believe it was George H. Bush who learned that lesson the hard way. But I digress...

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Premier

Feb-12-13 12:22 PM

Rick, it was your guy Obama that said he campaigned in all 57 states with Alaska and Hawaii left to go.

That was a little pun intended on Steelfan's part.

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