Good point, SweetLexie520! Yes, everybody, this thread was started back in February as SL points out!!

But I'll post this new MSN article anyway:

It's official: U.S. is in recession

Economy began shrinking in December 2007, panel declares

msnbc.com staff and news service reports
updated 12 minutes ago


WASHINGTON - The economy fell into recession late last year, according to a panel of economists that is responsible for determining the dates of business cycles.
Monday's declaration by the panel of the National Bureau of Economic Research confirms what many private economists, lawmakers and members of the general public already have assumed and puts an official date on it: A U.S. recession began in December 2007...

[I don't think we're allowed to post links here, so please go to the MSNBC homepage to read the rest of the article.]