The National Bureau of Economic Research has announced that, by its calculations, the United States has been in a recession for almost a year, beginning in December of 2007. This stands in stark contrast to the pronouncements from the most widely quoted corporate economists and the Bush administration, who hesitated to call the unfolding collapse a "recession" until it could not be denied, making themselves look either incompetent or dishonest. In fact, they are both.
![<?php echo $config['site_title']; ?>](/static/images/rp-navimg.gif)
![Support the <?php echo $config['site_title']; ?>](/static/images/support.png)
