Monday, June 08, 2009

A "very deep recession"

According to the Associated Press, President Obama said recently that "we're still in the middle of a very deep recession."

When most of us non-economists look around and see so many people losing their jobs and homes, its pretty hard for us to distinguish between a "very deep recession" and a depression.

Mr. Obama continued, "it's going to take a considerable amount of time for us to pull out of."

Isn't that pretty much an admission that the socialist, pork-barrel, Democratic stimulus package is not working, and is not going to work after all? Unfortunately, my grandchildren will still be paying for it anyway.

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