Republicans do not want to mention the Democratic Party can not say

U.S. recession ended a year ago? It is, yes.

National Institute of Economic Research business cycle 20, the Commission determined that, this killed more than 700 million jobs, the evaporation of 4.1% economic growth, Americans eat 21% of the actual property of the economic recession was the end of June 2009.

Delayed more than a year announced

As the official arbiter of the U.S. economy, the National Institute of Economic Research announced that the timing of start and end the economic cycle has been the public incredible. Americans until the end of 2008 only from the agency was informed that the recession began in December 2007 was.

Determination of the business cycle committee explained that the delayed decision to declare the recession year end, is to wait for August 27 release of the national income data to see the economic trend in 2009. The Committee stated that if the economy turned down again, will mark a new beginning of a recession, rather than the continuation of a recession.

National Economic Research Institute is a private non-profit organization, founded in 1920, dedicated to science and economics, empirical research, absorbing half of the Nobel Prize-winning economist as a member of the United States.

Washington awkward silence

News of the recession ended in Washington met with silence. On the one hand, Republicans do not want to promote the economy started to grow more than a year ago; on the other hand, in view of the public did not share the feelings, the Democrats do not want to preach this “achievement.”

President Obama in the Washington area who attended a town hall meeting, and accepted questions from the public. Chief Financial Officer of the American Legion said: “frank speaking, I feel tired. For you and your government for change I have voted for defense, but ignored the situation very disappointed, it makes me tired. ”

A is for the payment of interest on student loan law school graduates struggling asked Obama: “For me, the American dream disappeared?”

Sympathy for Obama more than confident when answering questions: “Even if the formal end of last year, economists say recession, but millions still unemployed, house prices shrink the people, struggling to pay bills day after day, still feeling real. ”

Bad day yet in the past

Commission determination of the business cycle, Hall said economics professor at Stanford University, announced the end of the recession a year ago, may make the public confused, many people believe that “recession means that the bad days, bad days they have not the past.”

From the data, evaporated during the recession of the U.S. gross domestic product by 2.9% so far only to restore the family recover only 4% of the actual property.

Organization for Economic Cooperation and Development report said: “The U.S. recession in the past did not show long-term economic damage and long-term unemployment, but this recession might produce these effects, we will experience in the next few years, while low growth and high unemployment.”

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