Well, it's official. We can now legally use the words "U.S." and "recession" in the same sentence.
Below is the article from the Associated Press that officially announced the recession that apparently started a year ago.
http://news.yahoo.com/s/ap/20081201/ap_on_bi_ge/recession;_ylt=Ai.rukZ1z.NNMXOvrzeUt92yBhIF