NO RECESSION!

unemployment rate dropped to 5 percent

"A recession is a decline in a country's real gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year."

That hasn't happened. Although, being an election year, you'd think we were in a Depression. Despite what you may hear in the media, we are still not in a recession. I've heard reporters suggest that we should ignore the actual definition of "recession" and say we're in one anyway. I suppose that sort of intellectual dishonesty gets more viewers... But the truth is that economic indicators show that the American economy grew at a rate of 0.6% in the first quarter of 2008. That's not stellar by any stretch of the imagination, but our economy is not retracting, plain and simple. Too bad half the voters are so eager to believe anything they're told.