Wednesday, August 13, 2008
The Recession That Wasn't
Also in true Marxist spirit, words mean only what they want them to mean. The truth is, that a recession actually has a definition -- two quarters with negative economic growth. We never actually had one quarter despite the New York Times' best efforts, constantly announcing the dismal forecasts even before they became a self-fulfilling prophecy. Now we are up 3 percent for this last quarter. There is a strange quiet in the Times and the alphabet networks.
There is no way to measure the damage that has been done to us mere ordinary people's lives and futures by this political ploy. One can only hope that their retirement funds are as adversely affected as the rest of us great unwashed Americans.