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Basil Marceaux

In this episode of The Colbert Report, " Basil Marceaux.com & Obama's Birthday ," "Stephen reminds Tennessee viewers to vote for Basil Marceaux.com and refuses to celebrate President Obama's birthday. (02:16)" Not all political candidates are as clueless as Marceaux, but too many of them are, especially on issues of economic policy.
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The National Bureau of Economic Research declares the recession ended in June 2009.

Business Cycle Dating Committee, National Bureau of Economic Research This report is also available as a PDF file . CAMBRIDGE September 20, 2010 - The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. At its meeting, the committee determined that a trough in business activity occurred in the U.S. economy in June 2009. The trough marks the end of the recession that began in December 2007 and the beginning of an expansion. The recession lasted 18 months, which makes it the longest of any recession since World War II. Previously the longest postwar recessions were those of 1973-75 and 1981-82, both of which lasted 16 months. In determining that a trough occurred in June 2009, the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity. Rather, the committee determined only that the recession ended and a recovery began in that month. ...
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Signs the economy is really getting better

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In the April 6, 2010 U.S. News & World Report article How To Tell When The Recession Is Really Over , Rick Newman says "the recession is officially over, but many Americans won't feel the recovery until these things happen." There are two kinds of recessions: the one that economists measure, and the one that ordinary people feel. The official recession is over. That's because the economy is growing again after a sharp decline, with GDP back to the levels of mid-2008. For people who have kept their jobs, suffered no loss of income and enjoyed a rebound in their investments thanks to the year-long stock market rally, things are pretty good. Then there's the unofficial recession, which clearly persists. More than 8 million people have lost their jobs over the past two years, and the economy has barely started to add those back. Many others have had their pay or hours cut. The housing bust, in its fourth year, still isn't over. Foreclosures continue to mount, ...
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