Distortions

[pasithea]

http://www.nytimes.com/2009/07/31/business/economy/31econ.html

The recession, which started in December 2007

*cough* *cough* What was that, NY Times? Dec 2007? *tsk* I know you don't want to admit Bush the blame he's rightly due but seriously. How many people do you think you can hoodwink with a fib that big?

Comments

[pseudomanitou.livejournal.com]

I'm confused about what you are saying? You're saying the article is correct and it disproves the lies floating around out there, or you're saying the article is a lie?

[dv-girl.livejournal.com]

I don't have enough data to evaluate the rest of the article's truthfulness. If anything, it seems to be padding in favor of the Obama administration. What I object to is the claim that the current recession started in December of 2007 (a year and a half ago)

We've not really come out of recession since 2000 IMO.

[bohor.livejournal.com]

Eh...technically it's correct though. The most common definition of a recession is two consecutive quarters of falling GDP. It's not a direct measurement of standard of living or anything useful like that.