samule dhalgren, could you tell us what planet you’re reporting from? Because it certainly isn’t Earth.
And for those still arguing whether we’re in a recession, see here.
Note the shaded areas. They are recessions, as determined by the National Bureau of Economic Research of the Federal Reserve Board. A recession is specifically defined as two consecutive quarters of negative GDP growth. As a matter of fact [as opposed to liberal, know-nothing opinion], the U.S. is not in a recession — much as people with a political agenda want it to be so.
Furthermore, in the most recent quarter the U.S. economy has begun to accelerate, not contract. That is the truth of the matter, and those arguing recession are doing so with a politically mendacious agenda in mind.
