If you’ve had your TV or radio on anytime in the last year or so or even if you just get your daily dose of news from the tubes of the internet, you’ve probably heard the word “recession” mentioned a few times, right? Well, bad news for the liberal media and left-wing nut job politicians, but we are not in a recession according the the numbers released yesterday. Check out the story on Breitbart if you don’t believe me:
The country’s economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday. The statistic did not meet what economists consider the classic definition of a recession, which is a retraction of the economy. This means that although the economy is stuck in a rut, it is still managing to grow, even if modestly.
I’ve had this argument with more than one person in the last month or two, the most fun of which was with my employer’s VP of Sales who didn’t seem to believe me at all. You can bet I’ll email him this article later today.