Recession ?

The following is a quote from Wikipedia on the 2000-2003 recession:

The U.S. economy shrank in three non-consecutive quarters in the early 2000s (the third quarter of 2000, the first quarter of 2001, and the third quarter of 2001). According to the National Bureau of Economic Research (NBER), which is the private, nonprofit, nonpartisan organization charged with determining economic recessions, the U.S. economy was in recession from March 2001 to November 2001, a period of eight months. However, economic conditions did not satisfy the common shorthand definition of recession, which is "a fall of a country's real gross domestic product in two or more successive quarters," and has led to some confusion about the procedure for determining the starting and ending dates of a recession.

It is important to point out that this group is NON-PARTISAN, because the historical definition of a recession is a 2 Quarter fall in GDP. We HAD that definition in the 4Q of 2000 and the first quarter of 2001, with Bush taking office during 1Q 2001. It must have been important for SOMEONE (non-partisan though I'm sure they were) to change the historic definition, so the "recession" started AFTER Bush took office and lasted during months of growth and REMAINED a "recession" even though there was only a single quarter of retraction in GDP, and that as after 9-11. Funny how non-partisan some folks are.

Anyone that listens to the MSM KNOWS that we are in a recession now, only the complete fool Bush won't admit the obvious. So, how do they report the fact that they are wrong and Bush right?

Like This: "Sluggish Growth Disappoints White House" There is a little baiting of the WH spokesperson to see if they can get Bush to "gloat" over the fact that the economy is not in recession, and thus point out how proud they are of the power of the MSM as everyone would disagree with him. In this case, most people "believe" that we either are in, or are sliding into a recession.

Nobody should be happy about .6% growth, but it is better than nothing and better than actually being in a recession. When it was the close of the Clinton presidency and we were living though the stock market crash of 2K and slipping to what became a REAL recession at the 4Q of the last year of Billy C's term that continued into 1Q of Bush's term, it was hard tell from looking at the MSM that there was anything wrong. Now it is hard to look at the MSM and tell that there is anything right. Oh, I forgot, just like "NBER", the MSM is UNBIASED!