Ted Rall for April 12, 2003
Transcript:
Mone dare call it recession. Last year hundreds of thousands lost their jobs. The stock market dropped 23%. But economists deny that we were in recession. (Man: It's only recession if the G.D.P. falls 3 consecutive quarters... er, make that 4.) Things are even worse now. Yet the media denies that this is a recession even as it retroactively concedes that year was a recession. No one ever says "this is now a recession." Recessions are always in the past. (Man 2: Not another recession! What if we lost our jobs