i read on yahoo that the recession is over...
and i wondered about it..

obama's approval rating has dropped to less than 50%
unemployment is near 10%
trade is in a huge slump
the dollar is weak
the world is still at odds
job cuts/paycuts abound everywhere

what do you think?

....dabear
xohivijoxo

I think someone put it well:
"If you're an economist, the recession is ending/over. If you're a politician, we're still very much in the middle of a recession."

I'm not an economist so I have no great opinion to offer here. I think the holiday retail season will be a good gauge of how the recession is doing. I do not think that the recession being over = everyone has a job right away. I believe what they're trying to say is that there are signs of growth and that everything is stabilizing. I'm guessing by the time I graduate, May 2011, that this will all be a very bad memory.

Obama's approval rating was bound to go down at some point. It will probably go up once this mess is over. I think the world will always be at odds, not sure if this will ever be fixed. A lot of people are taking paycuts but I'd assume it's better than unemployment.

The funny thing about this recession is that there is a plethora of jobs available (I think I read a few million?) but employers cannot fill them due to lack of qualifications and people not wanting to relocate. Will be very interesting to see how that aspect pans out.

I thought the economy was doing better, then this week we had a bad week on Wall Street. Stocks went back down to 9700 range. They said unemployment rate is still going up and the price of gas has skyrocketed back up.

I hope that the holidays and spending will help the economy make a turn for the better. Plus, I have seen a lot of "Hiring" signs posted for holiday help. Maybe that will help a lot of people get through some rough times. My husband's job is increasing their workweek back to 5 days (they have been on 4 days this whole year). Said it would only last till February, but it will help us out for now.

I agree that the recession is not over. I think things can and probably will get a lot worse before they get better. I'm currently working on an article now that offers ideas on how to lower the foreclosure rates. If it is selected as one of the best, I will win a scholarship and the paper will be sent directly to Obama. I think that just goes to show us that he really doesnt have all the answers and he needs a little help. He's only human.

I try to keep in mind that there will never be a time when everyone is happy with the president.

Well, I'm neither an economist nor a politician, but from my perspective, it doesn't look like it's over.

I know too many people who are struggling right now. Too many people who either can't get jobs or whose hours have been cut, or who aren't working because the market for their work has been knocked out from under them.

If the recession is over, I'd love to see everyone who needs a job have one. I'd love to see people stop struggling just for the day-to-day.

I'm sure we'll get through this, but it can be hard to be optimistic. I hope things get better soon.

There's no way the recession is over. Even if things are coming back around/getting better, this recession has affected too many people and changed too many lives to simply return to the status quo of pre-recession times. Most people have had to adapt to survive and these adaptations are not easy. We may very well be on the other side of the recession, climbing out, but the effects are going to be felt for years to come. Can we truly say the recession is over when the only thing that's really back in order is the value of our dollar? If so, we as a nation are in a sad state and should be re-evaluating our priorities.

I don't think it is. In addition I do not believe that the recession will be over until the government begins to back off from the economy. It seems as though we need less regulation right now, not more! No more bail outs, if a buisness is going to fail let it fail; welcome to capitaliam! Laissez faire, free markets!

i have to agree with all of you..and say it is not over. it i always a battle for me to get some extra money for substitution courses here for everyone is jumping for them or i have a class already at that scheduled time.

in september and october of this year..i was destitute...and i had to borrow money just to survive. these were not very close friends i asked but associates. i kept my word and paid them back...for a friend who cares for a friend in the situation i was in..(it's not over)..is a friend indeed.

and i am coming back for i have nearly exhausted my student loans and i want to finish my PhD...soon.When you are in a rut....it is prominent everywhere including studies.

xohivijoxo