Home > Uncategorized > Recessio-…. Wait, I thought that was over?????

Recessio-…. Wait, I thought that was over?????

9/16/2008 – Federal Reserve Chairman Ben Bernanke said Tuesday that the recession was “very likely over”
12/8/2009 – Obama said the U.S. must continue to “spend our way out of this recession” as long as so many people are out of work.

I’m SOOOOO confused. The government official in charge of the nation’s finances told me the recession ended in the 3rd quarter of 2009. Why wasn’t the President notified?
He can’t be referring to a new recession yet, because we need 2 consecutive quarters of negative GDP growth, and he couldn’t possibly know what the 4th quarter 2009 period or the 1st quarter 2010 quarter will reveal could he?

Until next time…..

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Categories: Uncategorized
  1. Kristen
    December 9, 2009 at 12:33 am

    Coming from a household of TWO unemployed adults trying their hardest to find work, I can quite confidently say that the recession is NOT over!

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