[Need4Truth]

Those numbers were better than expected, and are easing concerns about a double-dip recession.

Many think there won't be a double-dip recession because we never exited from recession.

[Qbert]

“Many think there won’t be a double-dip recession because we never exited from recession.”

It’s simply the way that ‘recession’, ‘depression’ and ‘recovery’ are defined. Technically, we exited the recession. Of course, it was essentially smoke and mirrors in large part, and it didn’t help people in any meaningful way.

I’d make an analogy to a crummy Little League team that wins a bunch of games because their opponents don’t have enough players, and the team winds up with an 11-10 record at the end of the year. If Obama was coaching the team, he’d go around boasting every day how it had a “winning record”. Technically true, but so what?

[ronnie raygun]

So misunderstood! he meant next summer not this summer! silly