aceventura3

Everyone has their own standards these days. If we look at GDP growth we are not even officially in a recession. If we look at unemployment, since 1970 to 2007 the rate has averaged about 6%, good times and bad. We are now at 6.7%.

Here is a link to the Bureau of Labor Statistics on unemployment since 1970.

http://www.bls.gov/web/cpseea1.pdf

Whatever standard you use, we can look at it and see.

I just took a look at Industrial Production (listed in the OP supporting the claim of recession), the index average between 1972 and 2007 was 81, we are currently at 76. In 2000-2001 there was a low of 73.6. In 1994-1995 there was a high of 85.1. Here is a link.

http://www.federalreserve.gov/releas...nt/default.htm

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