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Showing posts with the label Recession Bullcrap

T.E.N. Financial Pages, aka-Tam's Article Review (I Call BS pt 2)

So, on yesterday, this following announcement was made: WASHINGTON — The United States economy officially sank into a recession last December, which means that the downturn is already longer than the average for all recessions since World War II, according to the committee of economists responsible for dating the nation’s business cycles. In declaring that the economy has been in a downturn for almost 12 months, the National Bureau of Economic Research confirmed what many Americans had already been feeling in their bones. So when they say "what many Americans had already been feeling in their bones, that wasn't The Arthur setting up in them bones??? Just wondering. Basically, somebody finally decided to tell the truth about how it takes damn near two incomes for people to stay afloat! Here's more from that article...*mumbles incoherently* But private forecasters warned that this downturn was likely to set a new postwar record for length and likely to be more painful than a...