First off we're not in a recession. OK? According to the Bureau of Economic Analysis:
GROSS DOMESTIC PRODUCT: SECOND QUARTER 2007 (FINAL)
CORPORATE PROFITS: SECOND QUARTER 2007 (FINAL)
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 3.8 percent in the second quarter of 2007, according to final estimates released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.6 percent.
So we're not in a recession. The economy is expanding. No recession. Not. None. No.
So why do so many people think we're in a recession?
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.That 46%, where do they get their news? Well, a clue might be in the article. It reports the poll's results, it gives a definition of recession, and it even reports that "most recessions are brief and they have been rare in recent decades." But nowhere does it report that we are not in a recession. Seems like CNN would think that pertinent to the article. Nope. This article is about how well the MSM's campaign to misinform the American people is going. And they keep with program by not reporting that those 46% who think we're in a recession are wrong. Wrong, wrongdittywrongwrong.
The poll by the CNN-Opinion Research Corporation found that while 46 percent of Americans hold that belief, 51 percent don't.