We got into a recession because the global economy went into the recession and we're a big exporting nation.
Sentiment: NEGATIVE
We're still in a recession. We're not gonna be out of it for a while, but we will get out.
We simply can't spend our way out of a recession.
We escaped the last big bursting of a bubble - the dotcom bubble - with a relatively light U.S. recession. On that occasion, the world economy found its way back on track fairly quickly.
The entire economy, of course, is locked in a down cycle right now. Last time we weathered this was during another Bush presidency in '90. We were locked in it for a year and a half and everyone came out of it.
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.
With every year that passes, the more we have to be careful not to forget the causes and consequences of the Great Recession.
We have not recovered all that we lost in the Bush recession. That's why we need to continue to move forward.
Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.
That level of trade deficit throttles real growth in our country and continues the unfortunate path of selling out America. We are not winning the global trade war, we are losing it badly.
A recession is predominantly for the middle class. Where I come from, the majority of people have always lived in a recession.