Of course, the definition of recession is two consecutive quarters of declining GDP, which we don’t have now. George W. Bush is the first president with an MBA, but ambulance chasing trial lawyer John Edwards knows more about economics?
It’s bad news for us, good news for them. It’s no different than the way they are positioning themselves to make political hay if there is another terrorist attack in this country. In fact, backing me up on this contention is none other than Steve Brill, writing in this week’s Newsweek. It’s an article about how the Democrats, especially Hillary Clinton, are positioning themselves politically for the next terrorist attack – as I warned weeks ago.