Tuesday, December 2, 2008

Blast from the past

W's radio address, 29 Dec 2007:
"One of our greatest blessings as Americans is that we live in a country with a growing economy -- where people can pursue their dreams, turn ideas into enterprises, and provide for their families. It is a measure of our economy's resilience that even with high oil prices and softness in the housing market, we're still growing. In November, our economy added jobs for the 51st straight month, making this the longest period of uninterrupted job growth on record. Unemployment is a low 4.7 percent. Exports are up. And the fundamentals of our economy are strong."
[President's Radio Address]
And today?
US in recession since December 2007: official panel
by Rob Lever Rob Lever
Mon Dec 1, 2008
WASHINGTON (AFP) – A US recession began in December 2007, a panel of economists charged with the official designation of business cycles said Monday.

Yep - W's on top of it!

Have a nice day.

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