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Bush: Nah, there’s no recession, merely an economic ’slowdown’

Ah, what a comfort. Our president has reassured us that we are NOT headed toward a recession, we're merely in a "slowdown."

That makes me think of that old song from the 1920s or '30s, I'm not sure which, with the line, "You say toMAto and I say toMAWto ..." -- you can call it a slowdown or you can call it a recession. Fact of the matter is, we're in trouble economically.

Of course, we're in this situation thanks to the quality leadership of our fine president of the last eight years. Yes, let's give him and the fools he's put in power the credit when it's due. I've spent much of my adult life listening to Republicans bemoan the horrors and troubles of America on either former President Jimmy Carter or former President Bill Clinton. Having gone through a few decades of that, I think I really must say you can credit President George W. Bush and his bunch for designing and building the handbasket we find ourselves nestled in.

Economic slowdown but not a recession? Right. I just heard on CNN that oil has topped $102 a barrel in inter-day trading for the first time ever. Yesterday I heard the cost of bread and milk and other food staples are rocketing upward annually. A couple of weeks ago, we heard all about U.S. automakers tanking and trying to cutback and layoff workers. The ongoing mortgage crisis is dumping several million people out of their homes.

I'm no economist, so thank God we have economists to explain all the details about why this is not a recession. I'd be worried if it weren't for those gurus.

Ah, well, what do I know? I'm just a guy who reads the papers. I'm starting to think I'll vote for Ralph Nader in November just because I'm disgusted after a lifetime of voting for whatever Republican or Democratic stooge was on the ticket. Blech!!
[tags]economic slowdown, recession, President Bush's recession, presidential politics, blech, just a guy who reads the papers[/tags]