Economic Update - 11/11/08

Please click here and review today’s updates to my long running post examining the state of the economy and refuting those who alleged that we were in a recession during the first half of 2008.

I remain convinced that we were not in a recession during the first half of 2008. I remain convinced that, had the media not so aggressively promoted a recession, it could have been avoided. I do, however, now think it likely (but not yet proven) that we are presently in a relatively minor recession which the NBER will probably eventually conclude started in September, 2008 (plus or minus one month).

As this journalist and this journalist know all too well, the present economic difficulties were absolutely, positively caused by Democrats.

Click here and follow each and every link to better understand exactly how this mess developed and how the American people were deceived by the media into blaming Republicans and handing even more power to the very people who created this mess.

If you read nothing else from the previous link, at least watch the videos then read this link and this link and note the publication dates of each substantiating document.

Click here for an excellent documentary on the same issue (who caused the housing mess).