A recession lol what a joke.
Try the big "D" word, it's a tad more fitting at this point.
Oh well , what can you expect from a propaganda piece?
a $560 billion package of mandatory spending cuts and tax hikes that take effect at year's end, including the expiration of the Bush tax cuts, that could cause a recession unless Congress takes countermeasures to prevent a big drop in consumption.
A Census report signals that for much of America, the economic downturn has produced not one lost decade but two. But the data also show that federal safety-net programs helped keep people out of poverty
Economists haven't reached a consensus about what forces have caused the middle-class stagnation, but they have pointed to some that may be involved to varying degrees:
•Globalization
