Smart Liberal and Female


We’re In a Recession
December 1, 2008, 1:52 pm
Filed under: election 2008, politics, Uncategorized | Tags: , , , ,

Uh…no kidding?  I find this to be a little amusing.  Not that we are in a recession, but that it’s been going on since December 2007, most Americans have been feeling the strain since before that, and now we finally admit it’s a recession.

According to Wikipedia, “In macreoeconomics, a recession is a decline in a country’s real gross domestic product (GDP), or negative real economic growth for four or more successive quarters of a year.”

The Bush White House is hoping to focus on the fix rather than the problem.  I’m not sure I disagree.  Although, I’m not sure what their plan really is at this point.  Hell, for how long did the Republicans in office chose to stick their heads the sand hoping if you didn’t see it or speak it, it wasn’t true.  The bailout isn’t working.  Paulson is a disgrace.  And they’re outta there in less than 2 months.

The new President Elect has his work cut out for him.   

http://money.cnn.com/2008/12/01/news/economy/recession/index.htm?postversion=2008120112

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