Saturday, May 10, 2008

That darn Toles

Another letter to the editor...
Bush Was Right
Washington Post May 10 2008, p. A13

Does Tom Toles know what a recession is? His May 1 cartoon depicted President Bush denying the existence of a recession.

The president is correct. Economists' definition of recession is two consecutive quarters of negative growth. Our economy has not even come close to that.

It would behoove Toles and the media to stop using terms irresponsibly.

-- David Sherer

1 comment:

SBVOR said...

It is increasingly unlikely that we are currently in a recession:
The Recession of 2008 That Wasn’t?