thinkprogress.org - 12/2/2008
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Earlier today, the National Bureau of Economic Research (NBER) announced 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 group, which the White House has previously pointed to ...
blogs.wsj.com - 12/1/2008
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blogs.wsj.com —
Official recession watchers at the NBER said today
that the U.S. is recession, and it began in...
December 2007. Here is the text of their statement. The Business Cycle Dating Committee of the National Bureau of Economic Research met by conference call ...
(more)
Real Time Economics : NBER Makes It Official: ...
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The Bush Economy and the Myth of the Clinton Recession
Crooks and Liars —
... decided to state that the recession began last year. Employers have trimmed payrolls by 1.2 million jobs in the first 10 months of this year. On Friday, economists are predicting the government will report a loss of another 325,000 jobs for November. The NBER also looks at real personal income, industrial production as well as wholesale and retail sales. All those measures reached a peak between November 2007 and June 2008, the NBER said. Facing the avalanche of grim news Monday, the White House still refuses to use the term "recession" to describe the economic calamity that ...
The truth is still coming out --
The Reaction —
... Perpetual denial has been another hallmark of the current administration. Think Progress (12/1/08) headlined, "For Nearly A Year After Recession Started, Bush White House Insisted That 'We're Not In A Recession'.#" This most recent instance of avoiding the truth had rather large consequences, an almost 700 point drop in the Stock Market on Monday. To quote: ...
Cheney Defends the "Nobody Could've Predicted" President
Crooks and Liars —
... warning about mortgage-backed securities and the collapse of the housing market. But as ThinkProgress documented, White House officials throughout 2008 denied the recession already underway since the previous December. Again, it was the hapless Tony Fratto who offered up the signature Bush sound bite on January 8, 2008: ...
Bad All Over And Getting Worse
Balloon Juice —
... And it is worth noting that the Republican response so far has been to basically say “no” to every single effort to help remedy this situation. This is the same Republican party who had the following to say about the recession: ...
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thinkprogress.org 12/1/2008 — The National Bureau of Economic Research (NBER) announced today that the U.S. economy has been in recession since December 2007 . NBER’s Business Cycle Dating Committee — “which maintains a chronology of the beginning and ending ...
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Slaves helped build White House, U.S. Capitol —
CNN.com - Politics 12/2/2008
In January, President-elect Barack Obama and his family will make history, becoming the first African-American first family to move into the White House -- a house with a history of slavery. In fact, the legacy of American presidents owning slaves ...
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