The National Bureau of Economic Research finally declared what quite a few of us already knew, that the U.S. has been in a recession for a year now.
The sheeple watching Fox news all bleated pitifully and then went back to grazing.
The rest of us have been way ahead of these guys.
It's going to get worse and it is going to last a long time.
The National Bureau of Economic Research said in a statement that it "determined that the decline in economic activity in 2008 met the standard for a recession."
Nice work there Sparky, Captain Obvious salutes you.
Of course the Bush administration has known this all along but they ain't fessin' up to the bad news.
They are too busy shoveling Billions of dollars to their buddies in the banking industry and could give a rats ass about the average American.
Happy Holidays everyone.