THE BASIS POINT

New Names For The Great Recession

 

Today Weakonomics proposes some new names to replace The Great Recession. Worth the read, link below. To this post I’ll also add three items: one suggestion for a new name to describe the state of the U.S., and two of my favorite pop culture economic labeling riffs of recent years.

(1) Nation Declined. Which has a double meaning of course. Credit to my wife for this one.

(2) “It’s not a recession, it’s a correction. Correction: it’s a recession.”
-Stephen Colbert 4/3/2008

(3) “Shit. I know shit’s bad right now. With all that starving bullshit. And the dust storms. And we running out of french fries and burrito coverings…”
-President Camacho’s state of the union speech opening lines from in Mike Judge’s masterpiece Idiocracy. Video of full speech embedded below.

-3 New Names For The Great Recession (Weakonomics)
-Great Recession: Time For A Name Change (HuffingtonPost)

 

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