CBS Declares Recession - again

On Monday’s CBS "Early Show," co-host Harry Smith talked to economic analyst Mark Zandi who had this to say:

ZANDI: Yeah, it's a self re-enforcing negative cycle. You know, that's what happens during recessions, and that's what we're in the middle of right now.

SMITH: Whoa, is this a recession?

ZANDI: You know that -- that's a debate among economists and policy makers. But in the minds of the average American household I think there's no debate, this is a recession.

Last week, "Early Show" co-host Julie Chen declared a: "perfect storm of economic woes." Meanwhile, ABC’s Good Morning America used the term "recession" eight times in three days last week.

[gee, and where do you think the average Joe gets it into his head that we're in a recession?]

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