Recession is over huh?

We Haven’t Hit Bottom Yet

By BOB HERBERT

Published: September 24, 2010

(excerpt from the New York Times)

(There are more people in poverty now — 43.6 million — than at any time since the government began keeping accurate records. Nearly 15 million Americans are out of work and home foreclosures are expected to surpass one million this year. The Times had a chilling front-page article this week about the increasing fear among jobless workers over 50 that they will never be employed again.


The politicians seem unable to grasp the immensity of the problem, which is why the policy solutions are so woefully inadequate. During my conversations with Ms. Bedore, she dismissed the very thought that the recession might be over. “Whoever said that was sadly mistaken,” she said. “We haven’t even bottomed-out yet.” )

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