Finally, someone else is saying it

April 1, 2008 at 12:31 pm Leave a comment

I’ve been saying for a number of months now, how the U.S. recession is in fact not a recession. I came across this article while surfing Fox News today and I wanted to share.

The ‘Recession’ Is a Media Myth
By John R. Lott, Jr.

During the 2000 election, with Bill Clinton as president, the economy was viewed through rose-colored glasses. According to polls, voters didn’t realize that the country was in a recession. Although the economy started shrinking in July 2000, most Americans through the entire year thought that the economy was fine.

But over the last half-year, the media and politicians have said we were in a recession even while the economy was still growing.

Gas prices are going up. The economy is slowing. Talk of recession is seemingly everywhere. While the majority of people rate their personal finances positively, consumer confidence in the economy has plunged to a 16-year low, well below what it was during the last year of the Clinton administration when we were in a recession.

Read entire article

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Entry filed under: Soap Box.

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