Associated Press: The Economy Doesn’t Actually Have To Recess In Order For Their To Be A Recession
Because in the mainstream media there’s no such thing as good economic news. Unless a Democrat is President, naturally.
Forecasters downgraded their projections for economic growth. They now predict the economy, which grew by 2.2 percent last year, will slow to 1.4 percent this year. That’s lower than the 1.8 percent growth projected in February. If the new figure proves correct, it would mark the weakest growth since the last recession in 2001.
So we’re in a recession...because the economy is projected to grow at an admittedly slow 1.4%. Do these economic reporters even know what a recession is? It’s commonly defined by economists as two or more consecutive quarters of negative economic growth. We haven’t even hit one quarter of negative growth yet, nor are we predicted to.
Do you know what you call an economy that has continued to grow even amidst all the furor about the housing and credit markets and the media sensationalism that has gone along with it?
Resilient.












