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March 08, 2009

AP joins the economic fearmongering team

The AP story saying that, if the current recession last past April, it will be the longest in post-World War II history technically isn’t in accurate, but does a lot of “bending “ of reality.

It compares the current recession with 1981-82 only, failing to note that that recession was itself the second, and sharper trough of a double-dip recession that started in 1980.

That’s why on tags for this blog, you’ll always see “1980-82 recession.” I’m guessing, as I’ve blogged before, that AP writer Deb Riechmann is under the age of 40, perhaps under 35.

The story also ignores that, although the primary trough technically ended in 1982, serious job losses continued into 1983.

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