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<DIV dir=ltr align=left><SPAN class=862454019-20092010><FONT color=#0000ff
size=2 face=Arial>surely Massoud is pulling a leg here........or maybe it is
right to say that one recession has ended and we are about to enter into a full
blown DEPRESSION.......I was reading this article when I realized that what is
getting ready to happen and makes "recovery" impossible. The banks
that were bailed out are insolvent <A
href="http://www.thetruthseeker.co.uk/article.asp?ID=13460">http://www.thetruthseeker.co.uk/article.asp?ID=13460</A>
The recovery was a fairy tale.</FONT></SPAN></DIV><BR>
<DIV dir=ltr lang=en-us class=OutlookMessageHeader align=left>
<HR tabIndex=-1>
<FONT size=2 face=Tahoma><B>From:</B> discuss-bounces@paa-tx.org
[mailto:discuss-bounces@paa-tx.org] <B>On Behalf Of </B>Ron and Kris
Graham<BR><B>Sent:</B> Monday, September 20, 2010 2:34 PM<BR><B>To:</B>
'Massoud'<BR><B>Cc:</B> 'PAA discussion'<BR><B>Subject:</B> Re: [PAA-Discuss]
CNN Says Recession Ended June 2009<BR></FONT><BR></DIV>
<DIV></DIV>
<DIV class=Section1>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">Yeah, I was just reading about this in the Raw Story,
Massoud. It would seem that if Mr. Obama says something then it must be true.
Same with economists. Hmmmmmm..............very strange,
indeed.<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">We’ve had a recovery according to the article below. I
wonder if all the people out of a job or being underpaid in their current job
and unable to pay the bills would agree with that
assessment.<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">Kris<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><A
href="http://rawstory.com/news/afp/US_exits_longest_recession_since_Wo_09202010.html">http://rawstory.com/news/afp/US_exits_longest_recession_since_Wo_09202010.html</A><o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
<P><B><FONT color=black size=4 face="Times New Roman"><SPAN
style="COLOR: black; FONT-SIZE: 14pt; FONT-WEIGHT: bold">US exits longest
recession since World War II</SPAN></FONT></B><FONT size=4><SPAN
style="FONT-SIZE: 14pt"> </SPAN></FONT><FONT color=black size=1
bgcolor="#FFFFFF"><SPAN style="COLOR: black; FONT-SIZE: 7.5pt"><A
href="http://rawstory.com"></A><o:p></o:p></SPAN></FONT></P>
<TABLE style="WIDTH: 100%" class=MsoNormalTable border=0 cellPadding=0
width="100%">
<TBODY>
<TR>
<TD
style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 72%; PADDING-RIGHT: 0in; PADDING-TOP: 0in"
width="72%">
<P style="MARGIN-BOTTOM: 12pt" class=MsoNormal><FONT color=black size=1
face="Times New Roman"><SPAN
style="COLOR: black; FONT-SIZE: 7.5pt">Published: Monday September 20,
2010</SPAN></FONT><BR><BR><o:p></o:p></P></TD>
<TD
style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 28%; PADDING-RIGHT: 0in; PADDING-TOP: 0in"
width="28%">
<P class=MsoNormal><FONT size=3 face="Times New Roman"><SPAN
style="FONT-SIZE: 12pt"><o:p> </o:p></SPAN></FONT></P></TD></TR></TBODY></TABLE>
<P><FONT size=3 face="Times New Roman"><SPAN style="FONT-SIZE: 12pt">The
<st1:country-region w:st="on"><st1:place
w:st="on">US</st1:place></st1:country-region> economy exited recession in June
2009, the National Bureau of Economic <A
href="http://rawstory.com/news/afp/US_exits_longest_recession_since_Wo_09202010.html"
target=_blank classname="iAs" itxtdid="24926477">Research</A> said on Monday,
ending the most sustained downturn since World War
II.<o:p></o:p></SPAN></FONT></P>
<P><FONT size=3 face="Times New Roman"><SPAN style="FONT-SIZE: 12pt">"The
recession lasted 18 months, which makes it the longest of any recession since
World War II," the bureau said in a statement.<o:p></o:p></SPAN></FONT></P>
<P><FONT size=3 face="Times New Roman"><SPAN style="FONT-SIZE: 12pt">More than
eight million jobs were lost in the slump that was triggered by dodgy <A
href="http://rawstory.com/news/afp/US_exits_longest_recession_since_Wo_09202010.html"
target=_blank classname="iAs" itxtdid="6363400">Wall <NOBR
style="FONT-FAMILY: serif; COLOR: #2b65b0; FONT-SIZE: 100%; FONT-WEIGHT: normal"
id=itxt_nobr_4_0>Street<SPAN style="TEXT-DECORATION: none"><IMG
style="BORDER-BOTTOM: 0pt; POSITION: relative; BORDER-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN: 0pt; PADDING-LEFT: 0pt; WIDTH: 10px; PADDING-RIGHT: 0pt; DISPLAY: inline; FLOAT: none; HEIGHT: 10px; BORDER-TOP: 0pt; TOP: 1px; BORDER-RIGHT: 0pt; PADDING-TOP: 0pt; LEFT: 1px"
id=_x0000_i1031 border=0 name=itxt-icon-0 src="cid:862454019@20092010-136C"
width=10 height=10></SPAN></A></NOBR> mortgage
investments.<o:p></o:p></SPAN></FONT></P>
<P><FONT size=3 face="Times New Roman"><SPAN style="FONT-SIZE: 12pt">Although
the economic pain continues to be felt across the country, with one in ten
<st1:country-region w:st="on"><st1:place
w:st="on">US</st1:place></st1:country-region> workers still without a job, the
NBER said a slew for economic data showed the worst had now
passed.<o:p></o:p></SPAN></FONT></P>
<P><FONT color=red size=3 face="Times New Roman"><SPAN
style="COLOR: red; FONT-SIZE: 12pt">Despite economists' warnings of a double-dip
recession, the bureau said the economy had recovered enough that any new slide
would constitute a new recession.<o:p></o:p></SPAN></FONT></P>
<P><FONT color=red size=3 face="Times New Roman"><SPAN
style="COLOR: red; FONT-SIZE: 12pt">"The committee decided that any future
downturn of the economy would be a new recession and not a continuation of the
recession that began in December 2007."<o:p></o:p></SPAN></FONT></P>
<P><FONT color=red size=3 face="Times New Roman"><SPAN
style="COLOR: red; FONT-SIZE: 12pt">"The basis for this decision was the length
and strength of the recovery to date."<o:p></o:p></SPAN></FONT></P>
<P><FONT size=3 face="Times New Roman"><SPAN style="FONT-SIZE: 12pt">At the same
time it warned that "economic activity is typically below normal in the early
stages of an expansion, and it sometimes remains so well into the
expansion."<o:p></o:p></SPAN></FONT></P>
<P><FONT size=3 face="Times New Roman"><SPAN style="FONT-SIZE: 12pt">Unlike many
countries where a recession is defined as two consecutive quarters of shrinking
growth domestic product, in the <st1:country-region w:st="on"><st1:place
w:st="on">United States</st1:place></st1:country-region> it is determined by a
seven-member NBER panel.<o:p></o:p></SPAN></FONT></P>
<P><FONT size=3 face="Times New Roman"><SPAN style="FONT-SIZE: 12pt">Although
the depth of the crisis had already been clear, the NBER confirmed it was longer
that those which began in 1973 and 1981 and which both lasted 16
months.<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">-----Original Message-----<BR>From: Massoud
[mailto:massoud1@windstream.net] <BR>Sent: Monday, September 20, 2010 2:28
PM<BR>To: graham2639@mindspring.com<BR>Cc: 'PAA discussion'; 'Deb Shafto
'<BR>Subject: RE: [PAA-Discuss] CNN Says Recession Ended June
2009</SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">Well Kris, the last recession was over after Mr. Obama
said so and it seems<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">a new one has already started but nobody knows about it
yet! It is a<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">complicated economy "thing" you know. Only the experts
can define it, we the<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">working people only can feel
it!<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">Massoud<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">-----Original Message-----<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">From: discuss-bounces@paa-tx.org
[mailto:discuss-bounces@paa-tx.org] On<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">Behalf Of Ron and Kris
Graham<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">Sent: Monday, September 20, 2010 1:39
PM<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">To: 'PAA discussion'; Deb Shafto
<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">Subject: [PAA-Discuss] CNN Says Recession Ended June
2009<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">I wasn't aware the "recession" HAD ended. Have I missed
something?<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">Kris<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">-----Original Message-----<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">From: CNN Breaking News
[mailto:BreakingNews@mail.cnn.com] <o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">Sent: Monday, September 20, 2010 9:49
AM<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">To:
textbreakingnews@ema3lsv06.turner.com<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">Subject: CNN Breaking News<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">-- Recession that started in December 2007 ended in June
2009, making it<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">longest since WWII, group
says.<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">>+=+=+=+=+=+=+=+=+=+=+=+=+=<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">Read about ExxonMobil and energy
safety.<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">http://www.exxonmobilsafety.com/<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt">>+=+=+=+=+=+=+=+=+=+=+=+=+=<o:p></o:p></SPAN></FONT></P>
<P class=MsoPlainText><FONT size=2 face="Courier New"><SPAN
style="FONT-SIZE: 10pt"><o:p> </o:p></SPAN></FONT></P>
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