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Monday, December 01, 2008

We ARE in a Recession

"NEW YORK (CNNMoney.com) -- The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy .

The NBER is a private group of leading economists charged with dating the start and end of economic downturns. It typically takes a long time after the start of a recession to declare its start because of the need to look at final readings of various economic measures..."

  It is now official we are in a recession and have been in one since December of 2007.
I wonder how many videos and statements we can come up with from the Bush people saying we were not in a recession.  I wonder what sort of spin Fox "news" is going to put on this report.  My guess is they try and blame President Clinton or they say the report is not correct.

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