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.
A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators.
I mean, seriously, would you expect anyone that drinks their own bath-water with such passion would acutally listen to Economists?
You can read more @ CNN-Money.com
Of course, there is still another avenue for people like Hannity and Limbaugh to persue.
Grover's logic has a rather creepy feel to it. One has to wonder why someone that is continuously wrong - and rather unashamed about it - is continued to be asked his opinion. Of course, by his own reasoning, todays celebration by the AIFL at the NY Exchange is somehow linked to so much RED in the exchange this afternoon: