It’s a Pointed Shovel
Following on the heels of Warren Buffet, Paul Krugman says It has begun: “it’s a very good guess that we will eventually be told that the second recession of the Bush administration began in December 2007 or January 2008”.
I’ll stay with November, 2007, although it may turn out that the rules are only applied to complete quarters, which would technically push the start to January, 2008 although the pain had been occurring for most of the final quarter of 2007.
Naturally the Hedgemony is still talking about a “economic slowdown”, as if it will go away if you don’t say the name aloud. Like many similar social groups, Republicans are superstitious and believe in magic.
2 comments
Say it with me, children: “re-cession.” I knew you could say it!
This should frighten anyone as close to retirement as we are. Krugman gets it right too often to be ignored in this case.
Just be happy that no one decided to play along with the Shrubbery’s attempt to “reform” Social Security. This period should from this point forward be the answer to anyone who suggests privatizing the program.