The right wing talks America down

The National Bureau of Economic Research declared what most Americans had already known: the downturn has been going on for some time. On December 1, 2008, after the election was over, the Bush administration declared: It's official: the US has been in a recession since Dec. 2007. Why did it take the Bush Administration more than a year ( and a month after the election) to figure this out?

When  the economy grew by 3.5 per cent last quarter and the DJIA exceeded 10,000, Ben Bernanke of the Federal Reserve and Forbes Magazine declared the recession over. At first, Fox news said the GDP growth wasn't real because the Obama Economic Stimulus spurred the growth. Of course, Republicans had been also suggesting the Economic Stimulus never worked at all.

Now Fox News is saying the Obama recession is over and the Bush recovery has begun. Talk about putting the cart before the horse.

Methinks white eyes speaks with forked tongue!


source: http://money.cnn.com/2008/12/01/news/economy/recession/index.htm

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