OK, Now They Tell Us

Posted on December 1, 2008 by LCT Magazine

CLASS, TIME FOR RECESS(ION): A panel of  academic economists now has officially decreed that the U.S. has been in an economic recession since December 2007. Thanks for the breaking news, you academic whipper-snappers. Maybe if they had been hanging out a bit more with Main Street businesses they could have figured things out faster and been more in tune with solutions that actually work.

We've always understood recessions to be two consecutive quarters of negative GDP growth, which very likely will mean the third and fourth quarters of 2008 -- as opposed to the whole year. At this point, being a quarter or two off is no worse than most other economic predictions. Frankly, Americans are fed up with the "expert analytics" of "acadumbic economists." All the MBAs, finance gurus, Wall Streeters, Ivy League "gee-whizzers," Fed pontificators, academic economists, investment economists, government economists, moronic economists, etc. could not effectively evaluate or maintain our entire economic system for the better part of this decade. It's time again for us private-sector taxpayer grown-ups to take control, and of course, bail out the idiots. -- M.R.

Headline we'd like to see: WAL-MART SHOPPERS TRAMPLE WALL STREET CREDIT SWAPPERS

View comments or post a comment on this story. (0 Comments)

More LCT Blog Blog Posts

September 22, 2017

Dealing With Weird And Bizarre Passenger Requests

One party of girls wanted to be smacked upside the backside every time they exited the limousine.

September 13, 2017

Create A Handbook Your Employees Will Actually Read

Black and white words on a page are boring and uninspiring; here are some things to consider when creating a how-to guide for your company.

August 29, 2017

Billy The Coach: How To Plan And Prepare For Success

The LCT Summit keynoter starts contributing this week to our blog by asking: What is it you want bad enough to work for?

August 16, 2017

Don’t Let Poor Grammar, Spelling, And Punctuation Ruin Your Image

You are what you write. Make sure you leave a good business impression, especially on social media.

August 8, 2017

Behind The Screens: Why Face Time Matters

Computers and smartphones have conditioned us to text and email our way through life. Here’s how Millennials and managers can work together to break the habit.

See More

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blog

See More

LCT Store

LCT Magazine - September 2017 $12.95 MOTORCOACH / BUS ISSUE COVER STORY: * Irizar Racks Up A Good Rookie Year * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close