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).
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