Is a jobless recovery a recovery?
Recession over?
posted at 1:36 pm on September 20, 2010 by Ed Morrissey
Maybe Joe Biden just got his calendar wrong. The National Bureau of Economic Research has declared that the “Great Recession” ended in June 2009 after an eighteen-month negative span, the longest since World War II. That shouldn’t come as a great shock to anyone following GDP numbers, which started turning positive in the third quarter of 2009, the very definition of an end to a recession. However, this also means that another recession won’t technically be a double-dip, but instead a brand-new recession that will entirely belong to the current administration:
Buffett: 'We're still in a recession'...
Welch: Administration Is 'Anti-Business'...Zuckerman: The American Dream Has Become a Nightmare...
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