It's official: U.S. in a recession since December 2007 - Dec. 1, 2008
So he's right.By Chris Isidore, CNNMoney.com senior writer
Last Updated: December 1, 2008: 5:40 PM ET
NEW YORK (CNNMoney.com) -- The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy .
(Not that everyone didn't know we had extreme financial distress long before the announcement made it official, of course).
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