Government Declares Official " Recession "

   Our inept, confused, Federal Government has now made it official. We are now in an official, government sponsored recession. Mark this date down somewhere!

  USAToday

It's official: The USA is in a recession that started in December 2007.

The committee of economists responsible for determining the dates of business cycles said Monday that they met by conference call on Friday, Nov. 28 and "the committee determined that a peak in economic activity occurred in the U.S. economy in December 2007.

" The peak marks the end of the expansion that began in November 2001 and the beginning of a recession."

    Now that it is official, we can rest more easy.

Technorati Tags: Recession,Government,Economy,Jobs