Archive for June, 2008|Monthly archive page

Recession, What Recession?

There’s no recession, or so says the Treasury Department.  Old Washington still using old ways to measure things. I am not saying the GDP doesn’t matter, but when people have to leave their jobs due to high gas prices or move closer to work, why not measure that impact?  And the impact on the common items we have to buy (like breakfast cereal and bread) whose prices have been driven up by high fuel costs.  Oh and I won’t mention the housing problem.  Poor Ed McMahon.

Treasury Department official says the US is not in a recession

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