Last night, NBC News led its newscast with the results of a new poll on the economy.
One of the questions was, do you think the recession is over?
A reported 70 percent of those asked said the recession was not over. Here is a story on the poll.
This seems like a world-class stupid question to me.
A recession has an economic definition about the economy suffering at least two consecutive quarters of losses. This is not a matter of opinion, it's a fact.
Therefore, asking if the recession is over is like asking if the New England Patriots won Sunday's football game with the Buffalo Bills.
Now, if someone wants to ask if the economic slump is over, that's a different story. That's more of a matter of opinion. The pollsters could ask about confidence, hope for the future, etc.
But it's tough to have a discussion if we don't speak the same language.
Wednesday, September 29, 2010
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