Recession? What Recession?

J.J. Jackson* | October 25, 2007 

WASHINGTON (CNN) — Nearly half of Americans feel the U.S. economy is in a recession, marked by a significant decline in economic activity, according to a survey released Thursday.

The poll by the CNN-Opinion Research Corporation found that while 46 percent of Americans hold that belief, 51 percent don’t.
Black citizens were more pessimistic than whites, findings show.

Sixty-nine percent of black Americans feel the United States is in a recession, while only 42 percent of white Americans feel the same way.

Title of this article should have been 46% of Americans just plain stupid and not paying attention.

Of course since the “official” definition of a recession is hardly official sounding and based on what people “feel” this is not necessarily hard to believe. With the way liberals have been talking down the economy as of late it’s easy to see why people have false impressions of the economy. Liberals like things to be vague so they can claim whatever they want, whenever they want. But the official definition which is often poo-pooed by liberals is negative GDP growth for two consecutive quarters.

If the company I work during the day for can hit 50% of its yearly budget by the end of the first quarter it is hard to argue that the economy is contracting.

It’s hard to convince people to vote for change and socialism in the midst of a booming economy. That is, until you can convince them that the economy isn’t really booming.


Contributor's website: http://www.libertyreborn.com




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