Breaking: Recession declared over. Right…..
NEW YORK (CNNMoney.com) — The Great Recession ended in June 2009, according to the body charged with dating when recessions begin and end.
The National Bureau of Economic Research, an independent group of economists, released a statement Monday saying economic data now clearly points to the economy turning higher last summer. That makes the 18-month recession that started in December 2007 the longest and deepest downturn for the U.S. economy since the Great Depression.
I’m gonna call BS on this one.
Michelle Malkin has great commentary on this one.