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Is the US economy in a recession?

Results so far:

Yes
83% 361 votes Total: 437 votes
No
17% 76 votes

by T. W. Fuller

Created on: March 04, 2008

By definition, a recession is two months of negative growth in a row. We have yet to experience one month of negative growth, let alone two months in a row. Our economy is sluggish, yes; it is slowing, yes; it may even be spiraling downward on its way to a recession. However, at this moment, we are still in a positive growth mode, small as that growth may be. And while we need to be alarmed, we need not be unreasonably frightened; while we need to keep vigil, we need not lose our sanity.

Never mind the naysayers! There is a perfectly sound and rational solution to prevent a recession from ever occurring; a plan that, should our legislators ever find the courage to implement, will reverse the downward trend of economic growth, reinvigorate, resuscitate and give back new meaning, purpose and life to our economy; dispel any doubts, and put to rest any discussion, any debate, any mistrust or misgivings that may have been put into our heads by those with evil hearts seeking to prosper by whispers and rumors of recession.

Cut the bloody taxes! My taxes, your taxes, your neighbor's taxes, your co-workers taxes - your boss's taxes. Cut, slash, gut, abolish taxes everywhere. At minimum, drastically reduce federal taxes, corporate taxes, capitol gains taxes, dividend taxes. At length, abolish the death tax, the marriage tax penalty, taxes on savings, the alternative minimum tax. In other words, give us the means in which to revitalize our economy by letting us keep and invest our own money, and just watch the arrow on the economic growth indicator zoom upward ever faster, and ever further away from recession.

We have a long way to go, of course, to convince the many millions of Americans, and the several hundred congressional leaders, representatives and senators in kind, who reject tax cuts, especially when they benefit the rich and rich corporations. However, let us not lose sight of the fact that what is good for the rich is most often good for the rest of us too. A thriving economy is good for all Americans, rich and poor alike. Put selfishness aside, and do what is right for our economy, for all of us, before we really do find ourselves in a recession.

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