[rabscuttle385]

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[rovenstinez]

Can’t wait to see whose taxes will be raised, and whose taxes will be cut. Things have taken a different spin.

[Paige]

This is Bull. If anyone is to blame it is the Newly elected Democrat Congress from 2006 who took office in January of 2007.

[dangerdoc]

The good news is that by the time the economists discover a recession, it is usually almost over.

[bruinbirdman]

"U.S. In Recession That Began Last December"

As the left again seeks to redefine more words to their advantage.

The economy (growth) peaked. So, if growth declines two consecutive quarters, that is the new socialist definition of recession, as opposed to the dictionary: two consecutive quarters of negative GDP.

This is the same as saying government spending was predicted to grow 9%. This year we are only spending 8% more, therefore, we are cutting spending 1%.

Don't fall this historical deconstruction.

yitbos

[Deut28]

I fail to see what is official about the opinion of a single not for profit group.

[LiberConservative]

WTH is the “National Bureau of Economic Research”?!

[TheBattman]

Lets make it sound even worse... by redefining “recession”.

My understanding, the term “recession” is defined (in economic terms) as a decline in a country’s gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year.

But the “official announcement” uses the other, less accepted definition of the term as a downward trend in the rate of actual GDP growth as promoted by the business-cycle dating committee of the National Bureau of Economic Research. That private organization defines a recession more ambiguously as “a significant decline in economic activity spread across the economy, lasting more than a few months.

And anyone want to take a stab why this is definition being used? Think about it - if a recession is claimed to have developed in the last couple of months, then some can be attached to Obama. But backing up the “start date” to December 2007 (the peak of economic growth) would make it more of a “Bush problem”.

We just can’t have Obama taking ANY blame.. after all, he is the (ineligible to serve as POTUS) OBAMAMESSIAH!!!!

[Philo-Junius]

Erm, doesn’t the economy need to, well, RECEDE in order for there to be a “recession?”

Just not growing as fast as one would have liked is not receding.

[tubebender]

...and they predict the "recession" will end on January 20, 2009.

Read the last two paragraphs

Two of these eight Air Heads are based in Berkeley Ca and are MARRIED TO EACH OTHER!!!