Guess What? We’ve Been in a Recession for a Year.

Anyone who has the capacity to see beyond their own nose has known this for a long time now. In fact, for a lot of Americans, the recession has been a reality for quite a bit longer than a year.

Kevin Drum called it last February (h/t James Joyner). Larry Kudlow (supposed expert on economic issues) blew it.

Helen Thomas thinks it’s a depression (and she lived through the last one).