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Monday, December 1, 2008

So, apparently the U.S. has been in a recession since Dec, '07


I'm at a loss for words.

I'm a stupid 20-something and I knew that we were in a recession, why did it take them this long to confirm it?

Well, looks like the National Bureau of Economic Research — 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.

Bush was very elequent in saying, "I'm sorry it's happening, of course," referring to a global financial crisis that has eliminated millions of jobs and damaged retirement accounts, and completely discredited the U.S. as a nation.
He also says a bunch of other crap, which will air tonight on ABC with Charlie Gibson. If you want to read more on that, click here. If not, I don't blame you. I wouldn't want to hear his sorry excuses which are too little too late, anyway!

If you want to read more about the recession Click here to read the whole story, if you can stomach it.

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