GOPwinger Lies/Distortions/Omissions/Perversions of Truth Message Board

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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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From: geode00	12/2/2008 3:17:28 PM
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Now that we're officially in a recession ... Commentary: What this economic downturn is likely to hold for the U.S. By Irwin Kellner, MarketWatch PORT WASHINGTON, N.Y. (MarketWatch) -- The National Bureau of Economic Research has finally confirmed what the real world has known for at least a year: The U.S. economy is now well into its 11th postwar recession.... In my view, the most likely outcome is a recession whose length will exceed the postwar record but whose severity might not even be as bad as the 1981-82 downturn. At the end of that recession, the jobless rate wound up at 10.8%, the highest since 1940. No one is forecasting that we will see this number this time around, at least not yet.

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