Big news today is that the recession is over! (link) In fact, it ended 20 months ago!
I think the Bush administration should start to make a big deal about this news. After all, then they can declare victory on the economy too. Oh, wait, then it would show that they’re disconnected from ordinary people who see no evidence of the recession being over. Well, at least they think growth will be over 4% for the second half of this year.
Interesting, if true.
July 18, 2003