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U.S Fell Into a Recession December 2007
The Latest on Air America —
... According to a panel of the Nation Bureau of Economic Research, the United States economy fell into a recession in December, 2007. CNN money has more: ...
Official Announcement: U.S. In Recession Since December 2007
The Moderate Voice —
It’s now official: here’s an announcement that many Americans already knew, despite the White House’s efforts for more than a year not to use the dreaded word, despite talk radio hosts saying it was merely overblown and inaccurate rhetoric by Democrats and despite Phil Gramm’s instance that those who complained were whiners with fiscal mental problems:
The United States has been in a recession since December 2007, CNN reports:
The National Bureau of Economic Research said Monday that the U.S. has been in a recession since ...
CNN Is Stupid, and Thinks You Are, Too
Sound Politics —
CNN Is Stupid, and Thinks You Are, Too In an article today titled It's official: Recession since Dec. '07 , CNN writer Chris Isidore tells us that it is now "official" that we are in a recession because the National Bureau of Economic Research says so. And after all, he tells us, the NBER is "a private group of leading economists charged with dating the start and end of economic downturns." So therefore, it's official! Sounds good to me! The word "official" necessarily implies some sort of authority; since we're talking about things the government's involved with it, it will ...
Guess What? We’ve Been in a Recession for a Year.
Comments from Left Field —
... Anyone who has the capacity to see beyond their own nose has known this for a long time now. In fact, for a lot of Americans, the recession has been a reality for quite a bit longer than a year. ...
And the Answer Is . . .
N/A —
We are in a recession (if you didn’t know). Since December of 2007 (if you didn’t know). A year ago (if you didn’t know). It’s official. It always feels better when official types feel what we have been feeling for awhile.
GOOD NEWS AND BAD: THE RECESSION IS ALREADY A YEAR OLD...
THE ASTUTE BLOGGERS —
THE BAD NEWS: THE RECESSION IS A YEAR OLD! CNN: 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. The NBER said that the deterioration in the labor market throughout 2008 was one key ...
Let's Hope We Don't Have To Go Back To Trading Wampum For Roadkill
DownWithTyranny! —
When I was a kid, fast food chains weren't as pervasive as they are now. To this day, though, I've never eaten any McDonald's or Wendy's or Burger King or any of that poisonous crap. Fasting seems like a far better alternative. Another thing that was different when I was a kid: no credit cards. Actually Diners Club started around the time I was born but even when I was in college Carte Blanche and American Express were being used-- but only by rich people as far as I know. I was repulsed by the idea of credit cards the same way I was repulsed by the idea of McDonalds. I swore them both off and when I went overseas in 1969 I never even thought of getting ...
