The national media (represented by the New York Times) is starting to call the economic situation what it really is (and actually has been for quite a while): a recession.
Despite the corporate media's notorious reluctance to report bad news about the economy, the business sections of national, regional, and local newspapers will be dominated by the issue in the days and weeks to come.
Why? Because things have gotten so bad they can't be covered up any more.
Americans feel it, too:
In the latest NYT/CBS News Poll, a whopping 62% said they think the economic situation is worsening. (4% said it's getting better, 33% said it stays the same)
Last time this poll revealed such pessimism was October 1990!
(http://graphics8.nytimes.com/packages/pd f/national/01142008_pollgraphics.pdf)
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