The Official Bush Recession

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The NBER has confirmed what many financial types have been presuming is true for awhile — the current recession started in December 2007. From the Determination of the December 2007 Peak in Economic Activity:

The Business Cycle Dating Committee of the National Bureau of Economic Research met by conference call on Friday, November 28. The committee maintains a chronology of the beginning and ending dates (months and quarters) of U.S. recessions. The committee determined that a peak in economic activity occurred in the U.S. economy in December 2007. The peak marks the end of the expansion that began in November 2001 and the beginning of a recession. The expansion lasted 73 months; the previous expansion of the 1990s lasted 120 months….

QOD

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Why are people more worried about the lazy, black (ooops) poor person gaming the welfare system for a measily 10k a year and not more up in arms about corporate…

Window Dressing Isn’t Enough

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Have Republicans found their Barack Obama in Bobby Jindal?  Some seem to think so.  After all, he’s young (37), not white (Indian), and smart (Rhodes Scholar).  Surely that’s the new winning combination.  And I guess this makes sense for a party who’s struggling to look past the surface.  

Youth is the new Republican buzz word, and I’m not denying that they will need new blood to survive.  What I’m saying is that what ails the Republican Party can’t be solved by simply repackaging the same, old ideology in a youthful, brown face.  Psst… Obama didn’t win because of his skin color or his age.  In fact, both were considered obstacles.  Treating Obama’s win like the latest fad, worthy of duplicating, is not only politically shallow it also demonstrates a complete and total unwillingness for serious introspection.

Not seeing my point?  Then let’s look past Jindal’s trendy exterior.

Britney Spears

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It was just a year ago that we were on the Britney Spears Death Watch. She was spiraling out of control like a Republican Congressman in an airport restroom: shaving…