The panel that makes official economic pronouncements for the U.S. said something today that has been fairly obvious to even the most brain dead of Americans, that we are in a recession. Hell, we’ve been in one since December 2007.
It doesn’t take the blue-ribbon economists of the National Bureau of Economic Research to tell our fellow Americans that the nation’s economy has stunk like possum roadkill in July for some time.
Of course, the current White House with its out-of-sight-out-of-mind mentality cannot bear to let the “R-word” flow from their lips.
“What’s important is what is being done about it,” White House spokesman Tony Fratto said, without using the ‘R-word.’ “The most important things we can do for the economy right now are to return the financial and credit markets to normal, and to continue to make progress in housing, and that’s where we’ll continue to focus.”
The most important things being done about the recession and any other major world or domestic problem by the White House has already been set in motion. That is ending the Bush administration next month.
Ah, next month. The words kind of have a nice ring to them.