Thursday, May 29, 2008

U.S. Recession: The Truth

There's been a lot of talk about recession in the U.S. lately. Everyone loves to claim that we are in a recession, the economy is tanking, and the world will soon end. Well, I've got news for you: while the U.S. economy may be weakened, we are in no way in a period of recession. Here, for anyone who would wish to contradict me with a lot of "factual" information and fancy numbers, is the definition of recession.

Recession: a decline in a country's real gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year.
http://en.wikipedia.org/wiki/Recession

People have been claiming that the United States had entered a depression months ago, with no real facts to back up these claims. Well, the results are out, and, guess what? The GDP has grown. Whaddaya know.

I'll admit, it grew by a ridiculously low number (.09%) but it grew nonetheless. So don't go making claims that you can't back up.

Here's an article on the recent growth:

In other news, an Italian Opera of "An Inconvenient Truth" is in the works, and slated to open in 2011. Why God, why?......WHY!!!??!

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