Though the National Bureau of Economic Research deemed the recession to have ended in June 2009, to most Americans, that conclusion seems not to square with reality.
Sentiment: NEGATIVE
The economy has barely recovered from the so-called 'Great Recession', with a 2 percent annual rate of growth since mid-2009. Peak worker wages, business investment, and productivity all occurred around the year 2000.
In my view, if you have one in 10 unemployed - something is wrong with the economy whether you call it recession or not.
Long periods of recession, which tend to be self-perpetuating, are usually ended by war, or by preparations for it.
There are always, of course, job losses of a cyclical nature in a recession.
A normal recession disrupts people's lives, but a long recession destroys them. You lose output, prosperity, family stability, self-esteem, and many other qualities on what looks to be a semi-permanent basis.
With every year that passes, the more we have to be careful not to forget the causes and consequences of the Great Recession.
We got into a recession because the global economy went into the recession and we're a big exporting nation.
People stop buying things, and that is how you turn a slowdown into a recession.
This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.
A recession is predominantly for the middle class. Where I come from, the majority of people have always lived in a recession.