Slashdot Mirror
US Has Been In Recession Since December 2007
The National Bureau of Economic Research said Monday that the US has been in a recession since December 2007. The NBER is a private, nonprofit research organization of academic economists who determine business cycles. The stock market took a dip on the news that reached double-digit percentages for some tech stocks.
- "We don't believe we're going to have a recession though." [Vice President Dick Cheney, 1/30/08]
- "I think the experts will tell you we're not in a recession." [President Bush, 2/10/08]
- "The answer is, I don't think we are in a recession right now." [Council of Economic Advisers Chairman Edward Lazear, 2/11/08]
- "First of all, we're not in a recession." [President Bush, 4/22/08]
- "The data are pretty clear that we are not in a recession." [Council of Economic Advisers Chairman Edward Lazear, 5/7/08]
- "I don't think we are" in a recession. [Director of the National Economic Council Keith Hennesy, 6/3/08]
- "I think we have avoided a recession." [White House Budget Director Jim Nussle, 7/31/08]
- "I don't think anybody could tell you right now if we're in a recession or not" [Dana Perino, 10/7/08]
Well, I paid my loans, I don't live on credit, I spend my money cautiously, even when there's no "crisis"
You, sir, are a sucker.
Virginia is for lovers. EVE is for griefers.
The news media has accurately predicted 23 of the last 2 recessions.