According to the latest GDP (Gross Domestic Product), a recession may not be happening after all. The GDP was predicted to go down this quarter but the numbers are up a modest 0.6%. This is not to say the economy is out of the woods yet for a recession but it doesn’t automatically mean one is coming. Many analysts say the economy is weak but still growing at a modest rate, which actually goes against the definition of a recession. In fact, right after receiving the news of the economic boost, the Dow Jones soared up 150 points.
The economy has been in a bad rut due mainly to the housing problems situation with the highest foreclosure rate in quite some time. This caused consumers to obviously and understandably hold back their money more. The prices of food and gas didn’t help matters much, either. However, businesses boosted their investments of building up stocks, adding a large amount to the GDP. U.S. exports are helping matters as well, due to the rising cost of the U.S. dollar. This makes United States’ products less expensive. President Bush said that the country is going through “difficult times” economically but believes with his $168 billion stimulus package, the economy can get on the right track again.
Perhaps a recession is not 100% going to happen. It still may but there still is a positive way of looking at this after all. Bush is doing all he can to help the economy and looks like it may help the situation.
Ayers is a professor at the University of Illinois and formerly served on a board for education with Senator Barack Obama. This wouldn’t be so bad if Ayers wasn’t apart of the bombings of the Pentagon in 1972. Ayers has also had some very nice things to say about America and the people in this country:
John McCain is now trusted more than Hillary and Obama on the key issues facing this country; even on those the Democrats have big advantages over the Republicans. This is not good news for the Democrats. McCain is the most well liked candidate in this election, and that is likely not going to change. The sparring of the Democrats is killing their shot at the White House this year, even if Obama and Hillary are on the same ticket. Here are the numbers from
As many of those who read this blog already know, the Mahoning been for the past 50 years. In those 50 years, absolutely nothing has been done to get us out of the “recession which we have seen for over a half a century.” Every year we see more and more jobs leave this area, and who do the local Democrats blame; ironically not themselves, but the Republicans. They blame NAFTA’s negative effects on the Valley on George W. Bush; when ironically it was their savior of a President in Bill Clinton who helped create it!
ValleyRed is a new political blog based in Youngstown, OH. The blog discusses national and local politics with a Conserative edge. ValleyRed will help lead the Valley toward a Conservative future.





