Verified answer

no

We haven't had a recession since 2003, the price of oil continues to drop ($6/barrel just last Friday due to the strengthening dollar), and inflation can only be curbed by the actions of our Federal Reserve. Please provide facts supporting the rest of your claims, and I will gladly concede.

Edit:

I would strongly encourage you to study up more on economics. A recession is two consecutive quarters (six months) of negative real gross domestic product (GDP) growth. Besides the fact that one of your sources was dated 10/24/07, they were all opinion pieces. Opinion does not equal recession. According to the US Bureau of Economic Analysis, in the first quarter of 2008, real GDP increased 0.9 percent, and in the second quarter, it increased 1.9 percent. We are still experiencing positive growth, thus no recession.

http://www.bea.gov/newsreleases/national/gdp/gdpne...

We have indeed experienced higher gas prices, but the war is not a major contributing factor. Oil is a commodity that is traded on the world market, so its price is determined in large part by global supply and demand. Global demand has risen sharply over the last several years (see China and India for example), thus lowering supply and raising prices. If anything, the war has protected the supply coming from Iraq. Most of the price you pay at the pump is the actual crude oil price (market price), followed by Federal and State taxes, then refining costs.

http://www.eia.doe.gov/bookshelf/brochures/gasolin...

As far as inflation goes, it is the job of the Federal Reserve to ensure the stability of our financial system. The Feds are a go between the government and private institutions. Obama can not directly reduce inflation. The only thing the President can do is select the members of the Board of Governors, who supervise the private banks.

http://www.federalreserveeducation.org/fed101/inde...

The unemployment rate has risen .8% since the beginning of the year, but much of that is a result of mass layoffs from our major automobile manufacturers and the slumping housing market (construction jobs).

http://www.bls.gov/news.release/empsit.nr0.htm

http://www.forbes.com/economy/2008/08/01/unemploym...

Russia's decision to invade Georgia was not invoked by President Bush or John McCain, and there is no indication that either want to wage a new war against Russia or the rest of the world. Obama, on the other hand, wants us to redeploy our troops from Iraq to Afghanistan immediately, claiming it is “the central front in our battle against terrorism".

http://www.politico.com/news/stories/0708/11893.ht...

Respectfully

Tell me what flavor is that Kool-aid that the liberals are feeding you??? Just to argue reality. War with Iraq was about the threat of terrorism and WMDs Saddam claimed to have. If it was about oil then when our troops filled Kuwait all we would have to say is "gotcha" And have as much as Iraq has without a fight. Our nation is a third largest producer of oil and have untapped oil resources on both coast and in the arctic. The war to drill there is alot cheaper and would be the realistic one to wage.

We are not in a recession defined as 2 consecutive quarters of negative growth we have continued to grow at a slower rate. The economy is suffering from a credit crunch caused by bad lending practices that spooked the investors who bought mortgages as investments.

Oil is a self made crisis just like the 2001 California electricity shortage after years of the NIMBY preventing any new power plants or high voltage lines to bring power from out of state. The oil crisis comes from the years and years of preventing use of our own resources by the liberal environmentalist nuts who love our high prices and the crisis it has created.

I would to get my hands on what it is the democrats give you people, because it really twists your reality.

First of all, to answer your question, there is no recession, and inflation would go down with the oil prices, if queen Pelosi would stop being a tool for the far left wing lunatics.

The rest of your diatribe just doesn't make sense. It's like a drug induced rant, fueled by a hate of the American way of life.

As far as Duh-bama being wise, ROFLMAO... my dog has more wisdom under her tail then that loser has in his whole staff of speech writers.

First of all, I think it is a DUMB question and reference to McCain Wars is stupid. It is clear you have very little knowledge of politics and your opinion is based on stupidity and lack of research.

For one, McCain is relatively moderate and the TOP MODEL of a Senator for change than any other Senator in the entire Senate. You cant put a label on him ever. He was for change WAAY before you heard the name Obama. He is sometimes hated by his GOP peers because he will let them know he disagrees with certain GOP policies openly. Plus, he was HIGHLY recruited by the CREAM of the CROP Democratic leaders for the last eight years to switch parties. So, this is just to educate you on his backround.

Lastly, because Oil Prices are increasing the price on just about everything from food to other byproducts, remember, it was McCain to offer immediate OFFSHORE DRILLING and you suddenly saw prices fall. They kow if we do OFD then we will not be dependent on imported oil so much. Oil goes down, gas goes down, food transport prices go down.

McCain lost to Bush in 2000 and actually should have been the nominee....totally the opposite from Bush and if you arent sure just google Biden and hear the GREAT things he has said in the past about MCCAIN.

Please EDUCATE yourself before making assinine comments.

No we should see a turn around with in the new year. If Obama and the Dem in congress decide to take 1 trillion dollars out of the economy then yes we will have a bad time ahead. Think of it being like the carter administration. 17% interest rates, 14% unemployment.

first of all everyone, even the french are sending ships to blockade iran, second of all if we ever did go to war with iran israel would take them out for us.

Also a war with russia wont happen, look how aggressive kennedy... were and there was still no war.

I have noted that you don't explain your souce. Therefore I must conclude that you are either a story teller or are hallucinating. In either case, these are not credible sources, so if you would kindly erase this obnoxious question and answer from our adult section of Y/A !

That's a mighty shaky house of cards you're building. Too many jokers in your deck, though.

Nope

If Americans are stupid enough to elect McCain, this country will not survive four more years.