Damn NDPers!

I am so glad the liberals say the recession is over, flying in the face of reality as usual.

I agree lunarguy. Regardless of political party, viewing the stock market's slight uprising's as a "recovery" and not using increasing U6 unemployment numbers is indeed idiocy.

What about the fact that 88 percent of the employable people are employed.

"I am so glad the liberals say the recession is over, flying in the face of reality as usual."

The problem is that people don't want to hear bad news and this isn't confined to the local Provincial Government. People would rather have everything sugarcoated for them.

As a household, as a city, as a province, and as a country you can spend more than you earn (and borrow the difference) for a long time, a very long time, but you can't do it forever. Our parents (or grandparents) learned this lesson in the 1930's depression. We are now in the process of relearning this lesson. It is not going to be very pretty.

The following news was released in the United States today.

Nov. 6 (Bloomberg) -- U.S. consumer credit fell in September for an eighth straight month, the longest series of declines on record, as thousands of Americans lost their jobs and banks tightened access to loans.

Borrowing fell more than economists predicted, declining by $14.8 billion, or 7.2 percent at an annual rate, to $2.46 trillion, according to a Federal Reserve report released today in Washington. Credit dropped by $9.86 billion in August, less than previously estimated. The consecutive declines were the most since records began in 1943.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aBNPBxgUiCjk&pos=2

It truly astounds me how many people are totally oblivious as to the seriousness of this historical financial crisis we are now in, as evidenced by all of the borrowing and spending which is going on. (Home renovations, new homes, new vehicles, new toys, etc, etc.). I love that saying "chicken today and feathers tomorrow".

It's a proven and published fact that unemployment often goes up despite the end of a recession. It takes awhile for employment to catch up.

I would suspect even though there is currently getting to be a demand again, businesses are going to try to burn up existing stockpiles, and reduce inventories, before they break down and start up operations again.

It has been a long dry period, and many businesses are reporting losses, so they have a big job to propose to their boards restarting or scaling up operations, while they still have inventories on the ground that have been sitting for too long.

I am seeing increased demand for new housing, across western Canada, and even the North West United States. Once these houses are being built again, the lumber and mining industries will once again back in the good times, and with that comes the scaling up of operations and jobs.

As much as we would like to criticize the mills for shutting down and scaling back, they took huge losses this year to try to keep operations running, when there was just no demand for wood. I would like to thank them for keeping alive as many operations as they did, and hope they are able to move back into the black over the next year.

Ah well, those figures are haywire anyways.
It also includes a lot of women who should be home looking after their kids and taking care of their kitchens.