The Press Posted in the Tribune Times

Funny news, trivia news, ironic news, sarcastic news and news news.

The NBER announces that the US is officially in a recession. “In case somebody hasn’t noticed.”

leave a comment »

John Smith, from Los Pobres, California, said he had no idea the US was in a recession. "I'm glad somebody informed me, I would never have known otherwise."

John Smith, from Los Pobres, California, said he had no idea the US was in a recession. "I'm glad somebody informed me, I would never have known otherwise."

Cambridge, MA, December 2nd, 2008, (Reuters).- The National Bureau of Economic Research declared today that the US is in a recession and has been in it since December 2007.

NBER’s president Harry Potterba explained to the press: “We got all of our researchers, scholars, academic and economists together to discuss the possibility of a recession. After many hours of debates, we concluded that the US was indeed in a recession when all of us couldn’t get enough money to pay for the pizza when it arrived.”

“Then we tracked the recession back and decided that it started in December 2007, because none of us were able to buy any presents for our children back then, but we nevertheless had turkey for Thanksgiving that year,” Potterba explained.

He also declared that he was glad the word was out, “I want people to know that they might have a bit of problems in getting a job, keeping the one they have or getting enough money to pay for food and rent. I would hate if this situation caught anyone by surprise.”

White House spokeslad Tony Frapucchino commented that the White House didn’t agree with the term “recession.” “I think there might be a slow economic turndown, or a deceleration of the economy, or an economic slowdown, or just a loss of hundreds of thousands of jobs, but not necessarily a recession,” explained Tony.

“It’s not important who or what or when caused it, as it clearly is nobody’s fault. What’s important is what is being done about it. And the most important thing we can do right now is bail out all the institutions where Cheney is a board member, in order to restore confidence… to Dick Cheney,” said the White House spokeslad.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: