What's the difference between a recession and a "slowdown?" Bush refuses to use the first word to describe the current economic situation but admits to the second. Or is he just "stretching the truth?"
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ANSWERS: 3
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Well of course, if his lips are moving he's lying. But the thing about recessions is that the economists never recognize them as officially meeting the academic criteria of a 'recession' until 6 months to a year into the recession, and by then the worse is usually over. The important word in the last sentence is 'usually'. The drain of the U.S. economy and also on world credit markets of the on-going Iraq war debts is undoubtedly making a normal 'slow-down' more of a real 'depression' for every day Americans. No matter what they tell you on TV, just ask yourself: Am I saving money and getting ahead? Am I better off than I was 8 years ago when Bush took office? Is America better off? Obviously we didn't have thousands of families being evicted from their foreclosed homes 8 years ago, and we didn't have families being forced to choose between putting food on the table or gas in the car to get to work. So if your 'truth' tells you its a recession, and Bush says it ain't so, then how far are you going to let him stretch your truth?
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I think that is just rhetorics, and bad rhetorics at that.
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A recession is a slowdown where the economy actually goes into reverse: GDP falls rather rising more slowly. Every sign is that this has occurred, or is occurring. Bush is like the sergeant saying "that's only a scratch" when the recruit is bleeding all over the place. Denial does not make nasty things go away.
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