[Recovering_Democrat]

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.

Well hell, even then it can't be a recession, because IIRC, in 4q of 07 GDP went DOWN .7, in 1q of 08 it went up .9, and in 2q of 08 it went up 2.3....HOW IN THE WORLD IS THAT A 'DOWNWARD TREND'???

I mean, I thought economists were scientists of a sort how is an ambiguous definition ANY SORT OF SCIENCE?????????

Answer: it isn't. This stinks like a rotten fish of politicizing.

Man, I really am beginning to feel like the last days of the Republic are upon us.

[TheBattman]

Man, I really am beginning to feel like the last days of the Republic are upon us. There is a reason you feel that way...