Non Sequitur by Wiley Miller for July 04, 2008
July 03, 2008
July 05, 2008
Transcript:
Joe: Welcome back to Nooztube with out guest, deputy White House economist, Dr. Roselyn Outlook, discussing the recession. Woman: Call me Rosie, and there's no recession. Joe: Stagnant wages and a rising unemployment rate... the price of gas through the roof, and a record rate of home foreclosures... that's not a recession? Woman: Well... not yet. Joe: Uh... so when will it become a recession? Woman: According to my calculations, January 20, 2009. Joe: Which just happens to be when a new administration takes over... Woman: Really? Wow... what a coincidence.
woodie14470 over 16 years ago
A recession happens to be, economist speaking, 6 months of negative economic growth. Every month for the past several years has had growth. So, where exactly is the recession? Dupes push the theory, while real thinkers, know the answer.