It's official: US has been in a recession all yearYeah, tell something we don't know.
WASHINGTON – It's official. The U.S. economy has been in a recession for the past year.
The start of the downturn was announced Monday by the National Bureau of Economic Research.
The NBER — a private, nonprofit research organization — said its group of academic economists who determine business cycles met and decided that the U.S. recession began last December.
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But now I ask, what are we going to do about it?
Well, throw more of the seemingly endless supply of deficit money! Of course!:
House to push $500 billion stimulus bill
WASHINGTON (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi met leading governors on Monday to discuss the size and shape of an economic stimulus package that one Democratic aide said was likely to cost around $500 billion.
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Fucking fucked up Pelosi. What a fucking idiot.
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4 comments:
Those folks in DC are rich. They don't care if there's a recession or not, it won't hurt them. They aren't the ones losing their jobs, or worrying about paying their bills. They're untouchable.
It's not their money.
Hermit is right...a depression just means good times for folks who have their money buried somewhere instead of in the bank or market..
Exactly. Like I said, it's not their money. They're still getting their salary from their constituents.
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