Bushonomics: What is Recession?

The U.S Definition: A recession is a contraction phase of the business cycle. The U.S. based National Bureau of Economic Research (NBER) defines a recession more broadly as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." A sustained recession may become a depression.

Historical Commentary: What may not be said, while the 1930’s Great Depression was occurring the US government kept insisting they where merely in a recession, due to a historical fact; they did not want to confess to the country in creating a more severe panic by saying the word, “Depression.”

Which the majority of the population at the time, already understood they where in a depression due to the continues tightening of there belts.

It also has been recorded in history, that one of the major contributors to the crash of ‘29,was the crippling financial burden that was sustained, because of World War 1.

US Media Reports on EU: While the US. reports that certain European Union (EU) countries are already in recession, it should be known that the US has the sole dubious honor of having this particular badge; it was further reported.


What ever you do, do not tell the US Presidential candidates?

It has been flashed in the media they would disagree, on the recession or depression truck running them over.