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I have been saying that we are in a recession for quite some time. My estimates put the recession as having started in late 2007. There are varying opinions about when the recession started and even IF we are in a recession. With so much evidence pointing towards a recession, why is it that so many people (including President Bush) don’t believe we are in a recession?

Part of it could be that Bush is from Texas. There’s no recession in Texas, certainly not with the rates on oil these days. I’m from California, where the housing market has been hit extremely hard and our state government doesn’t know how to balance a budget. Balancing a budget seems to be a major problem when you get into the top 10 economies in the world. So things don’t seem as rosy for folks here in California.

That’s when it hit me!

If you want to know why George Bush doesn’t think we are in a recession, it’s because we really aren’t. Not when you are spending Federal money at a rate unlike any administration before you. Of course there is no recession when our Federal government has increase the national debt by $3,635,352,280,196.38 since George Bush took office.

Think of it like using your credit card to pay your bills. As the old saying goes, we are robbing Peter to pay Paul. Urban Dictionary really sums it up well.

Take out the $3.64 trillion that Bush and Congress have overspent, and you have a rather severe recession. Cut the increase in half (which is approximately what the increase was when Bill Clinton was in office), and you still have a recession. When is a recession not a recession? When our Federal government spends more than it receives in order to make the economy look like it’s not as bad as it actually is.