Recession Over? Really?

The Huffington Post recently had an article proclaiming that the Recession was over.

The longest recession the country has endured since World War II ended in June 2009, according to a group that dates the beginning and end of recessions.

The National Bureau of Economic Research, a panel of academic economists based in Cambridge, Mass., says the recession lasted 18 months. It started in December 2007 and ended in June 2009. That was the longest of any recession since World War II. Previously the longest postwar downturns were those in 1973-1975 and in 1981-1982. Both of those lasted 16 months.
- Huffington Post

Really? Since President Obama has become President the unemployment numbers has risen, not dropped (In fact it was around 8.1% when he took office (6.7% when he was elected in Nov 2008) and is now 9.6%). So how in God's name does this group even begin to think the the recession is over?

But the news is little comfort to the millions of Americans still out of work, underwater on their mortgages or uncertain about the future.
- CNN Money (9/20/10)

You're dang right with that analysis CNN. In fact most Americans agree with me.

Seventy-four percent of Americans believe the economy is still in a recession, according to a new CNN/Opinion Research Corporation poll. Only 25 percent think the downturn is over.

One-third of Americans say the recession is serious, while another 29 percent characterize it as moderate.
- CNN Money (9/26/10)

CNN continued, by quoting officials from the White House Administration,

"Obviously, for the millions of people who are still out of work, people who have seen their home values decline, people who are struggling to pay the bills day to day, [the recession is] still very real for them," President Barack Obama said last week.

The public appears split over the effectiveness of Obama's economic policies. Forty-seven percent of Americans believe the president's policies either have helped boost the economy or will make it better in the future. Forty-eight percent believe Obama's policies will never help improve the economy.
- CNN Money (9/26/10)

Sadly, I can't find anyone who can answer why this group thinks the recession ended in June of last year.
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