Monday, December 01, 2008

Its A Recession

Its official, we are in a recession. We already know this.

This is a long recession as well, comparable to the crash of 1929 in duration, and there is no end in sight. Hold onto your hats, its shaping up to be a long ride.

CNN: It's official: Recession since Dec. '07
Employers have trimmed payrolls by 1.2 million jobs in the first 10 months of this year. On Friday, economists are predicting the government will report a loss of another 325,000 jobs for November.

3 comments:

Glynn Kalara said...

Only fools and liars didn't know we were already deep in a really bad recession. The liars being the BV$H admin. The sooner they leave the better. Y Obama is holding over any of them is beyond me?

Glynn Kalara said...

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Jim Sande said...

The right was really trying to play this monster down and it got ridiculous. They are already trying to pin his shit on Obama.

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