Skip to comments.Recession officially ended in June 2009
Posted on 09/20/2010 8:30:03 AM PDT by rdl6989
NEW YORK (CNNMoney.com) -- The Great Recession ended in June 2009, according to the body charged with dating when economic downturns begin and end. But the news comes amid rising fears of a double-dip recession.
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.
(Excerpt) Read more at money.cnn.com ...
2009 or 2010?
It must be a jobless recovery.
Since the recession is over ....
Recession officially ended in June 2009:
Tell that to the job market.
That’s when the depression began?
What a coincidence ... that’s the day when pigs began to fly
??????? Uhhhhh? If you take the 9%+ unemployment in Florida, count the part time jobs and the people who’s benefits ran out, we have about 20%+ unemployed! That’s greater than the U.S.depression of the 30’s.
Considering a 6-month lag in cause and effect...
GEORGE W BUSH got us out of the recession...AND
Imam Obama started a new one.
Suuuuurrrre it did. Next, they’ll piddle on my leg and tell me that it is raining.
If I didn’t know better I would think there is some election year Obama spin going on here. I’ve been reading the comments on twitter about this. You can imagine what people think of this “news”.
I think they have been doing that to us for a while...
I thought posts from The Onion weren’t allowed here???
Give those economists a Nobel Prize!
Where is my job then?
So that means we’re Driving (with a D) into a ditch and the only solution is to Reverse (with an R) back to the policies which got us out of the last recession.
Damn these liars to hell.
OUR BRAVE NEW WORLD
Black is good
White is bad
You must spend to save
Judgement is discrimination
Illegal is legal
The meaning of the Constitution evolves
The war in Iraq is over
The recession has ended
Obama is not a socialist
Oh sure it did! Now nevermind that few can find jobs President Obama is doing a terrific job and all is right with the world.Now be quite and tow the line!*sarcasm*
“Recession officially ended in June 2009”
Yeah sure!!! Tell that to the 16% of unemployed Americans.
What convenient timing! They dated the beginning of the recession as Dec. of 2007, just in time to make the news before the election of 2008. Now they’re seeming to infer that Obama’s policies solved the problems, and ended the downturn. Surprise! And I’m sure the Dems are hoping that the news is just in time for the mid-term elections.
Whew! What a relief!
Beertender! Another round of Magic Obama Skittles for me and all my friends!
Depression is when you are out of work.
Recovery is when Pelosi, Reid and Obama are OUT OF WORK!
The Day of Reckoning is a coming in a VOTING BOOTH NEAR YOU!
I must have missed the memo, as well as the millions of folks that have lost their jobs, dreams, treasures, homes and in some cases, even their families.
If all Obama can do is FAIL, he must invent success.
Ridiculous. Obama now has some “scientific” evidence for his economic victory speech today.
This is easy for them to say. They still have their jobs.