The recession started at the end of 2007. Well, the International Monetary Fund thinks things will stay bleak for years on end:
Let’s say the debt ceiling deal has $2 trillion in spending cuts. Even they are legit, they really don’t amount to much (via Cato):
Buckle your seat belts low and tight, America, there’s going to be turbulence all the way to Election Day, 2012. It’s only the summer of 2011 and already we have kids vs. corporate jets, courtesy of the White House political machine.