I absolutely blame the MSM and advertising for the recession. They always referred to the “R” word in their news reports, even though the indicators did not show this, last year. In addition, I remember an Allstate commercial where their spokesman stated “Maybe we are not in a recession, but it sure feels like it”. That was last summer!! I am glad they now are reaping a bit of what they have sewn. All of this was to get their guy elected. Now we are in a freefall, as they are clueless, or devious, depending on your perspective.
I've posted about seeing the same commercial several times here on FR. Perhaps you first saw it last summer, but I believe it was almost a year ago when I first saw it. And you are correct -- there was not one single indicator pointing to a recession. They wanted it...they marketed it...they got it.
Here is a thread from last March. Check out the tin foil hat comments. Wonder what they are saying now?
Secret "closed door" meeting with Congress (3/14/08)
Check out 3 of the listed items that were discussed:
1. the imminent collapse of the U.S. economy to occur by September 2008,
2. the imminent collapse of US federal government finances by February 2009,
3. the possibility of Civil War inside the USA as a result of the collapse,