The National Bureau of Economic Research has released findings that state the “Great Recession” is over. The study says that this latest recession lasted for 18 months, which is the longest recession the U.S. has had since World War II. The bureau reported that the recession began in 2007 and ended in 2009, which marked the beginning of the expansion. These findings eliminate the possibility of the oft promoted “double-dip” recession, because any new downturn would now be considered a new recession. The NBER had refused to call an end to the recession in April, but made this declaration based on the length of the recovery. This contradicts a lot of what Republicans and Tea Party members are saying. Is anyone listening?
Read more at MSNBC.