The Silent Maxim rounded up this montage of sound bytes from Sen. John McCain (R-AZ) and President Bush denying an impending recession. The video shines a light on the domestic ignorance of the two. Both have long insisted that the country was not headed to a recession. They were wrong.
There’s an academic definition of recession which the news media tends to adhere to religiously. Then there’s the reality of inflation, stagnant wages, and record home foreclosures.
Filed under: Business, Campaign 2008, Economy, Haves/HaveNots, Media, Politics, news | Tagged: Bush, Depression, Economy, Food, Gasoline, High Prices, McCain, Milk, Oil, Recession
