Recession half way over?

Forecasters: U.S. in 14 month recession

Excerpt:

... the U.S. economy entered a recession in April and that it will last 14 months, which would make it one of the longest recessions since the Great Depression of the 1930s.

Comment: Doesn't sound too bad!

"It's a recession when your neighbor loses his job; it's a depression when you lose your own." Harry S Truman

"Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his." Ronald Reagan

Another Reagan quote (that would apply it seems to GM, Ford and Chrysler): "Government's view of the economy could be summed up in a few short phrases If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it"

Yet another that would apply to President-Elect Obama's plans (for large government): "Government is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other."