Monday, December 01, 2008
An official recession was declared today by the bozos of the National Bureau of Economic Research. They are a year after the fact. Why employ over educated no nothing economists who live in a bubble to look at data all day and make worthless forecasts? Just ask the cab drivers, truck drivers, Fedex and UPS drivers, retail clerks, hotel maids, etc..... What a novel concept-- ask real people about real issues. They would have told you we were in a recession in 2007 when it mattered and when you could have done something about it.