Breaking News 12:32 PM ET: It’s Official: U.S. Economy in Recession

[BurtWorm]

http://www.nytimes.com/pages/index.html?adxnnl=1&partner=rss&adxnnlx=1228152968-alNk8eRkji4ArUKrtsyz3Q

According to the banner of the Times online.


It's Official: U.S. Economy in Recession

The National Bureau of Economic Research, a panel of academic
economists charged with the official designation of business
cycles, said that the United States economy has been in
recession since December 2007, when economic activity peaked.

[shadowknows69]

1. Whoo Hoo! I'm ahead of the curve. Ahead of my time. An innovator

My family started the recession about three years ago.

[Subdivisions]

2. Which really means we're in a depression... n/t

[louis-t]

21. No, no, no...it won't be a depression until

Jan. 22. Then it will be Obama's fault. :eyes:

[spanone]

3. here's the real headline:The U.S. entered a recession in December 2007

bu$h* has been lying about the economy for a year....FLAT OUT LYING....'the fundamentals are strong'


www.cnn.com breaking news

[BurtWorm]

5. I guess they didn't want to sway the election.

In favor of Democrats.

[SammyWinstonJack]

6. No recession for bu$h and his base, the haves and have mores, The Elite!

[Democrats_win]

12. That's the only truth today. Some people are NOT in a recession. Look around.

Sadly, a lot of people are in a depression. It's the Bill Gates average scenario. The very wealthy tend to screw up the average. We've been in a jobs depression since bush entered office.

[SammyWinstonJack]

19. While watching a documentary on the Kennedys, it revealed that JFK didn't know

the Country was in a depression and that he had heard about it from one of his Harvard professors. I'm sure he wasn't the only rich person who was unaware. :shrug:

[DemoTex]

4. I just posted the CNN version ..

"The U.S. entered a recession in December 2007, according to the National Bureau of Economic Research."

:shrug:

[L0oniX]

7. Gee ...someone just woke up

[marketcrazy1]

13. cnbc says this is GOOD news because ..????

in the 16 U.S. recessions since 1919, the average length has been 13 months, so this one is almost over!!!! ( my take on their statement ) I have no idea how they can justify such a statement,,, this recession - depression is just getting started!!!

[BurtWorm]

15. That is one of the stupidest bits of analysis I've ever heard of!

:eyes:

Why would anyone ever trust anything our brilliant financial media ever says?

[Mari333]

8. breaking news from michigan here: we already did recession years ago

we are in depression now.
i find it amusing it took the powers that be this long to catch up to what everyone already knew out here amongst the unwashed masses.

[janedum]

14. NOW they tell us .. a YEAR late!

What a bunch of idiots.
Last year, I kept telling some stockbrokers I know, I thought we were in a recession.
Last year, the jobless rate was high, and Xmas shopping was down.
THEY called me "unamerican".
One idiot had the nerve to tell me: "you think we're in recession because you're a Democrat".
HA!

[Mari333]

16. hahaha now you can say I TOLD YOU SO

and they can hurriedly scurry away like cockroaches when you turn the light on them.

[spanone]

20. not idiots...that's forgivable...they are liars...unforgiveable

[scheming daemons]

9. Wonder if Hannity will still call it the "Obama Recession"....

...f-ing idiot.

[Kalyke]

10. If ever anything statement needed a "DUH!!", this is it.

DUH!!!

[rocktivity]

11. TRANSLATION: It's Official

U.S. economy in depression.

:headbang:
rocknation

[zippy890]

17. This recession is one year old already

my how time flies.

this is like announcing a retro-active recession - effective 12/07.
kinda weird.

[Arctic Dave]

18. I'm glad these type of stories are coming out now.

Hang the blame on the people who deserve it. REPUKES and their ideology!