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

[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.