There is no recession. Despite all the doom and gloom from the economic pessimistas, the resilient U.S economy continues moving aheadquarter after quarter, year after yeardefying dire forecasts and delivering positive growth. In fact, we are about to enter the seventh consecutive year of the Bush boom," - Larry Kudlow, December 2007, the month that the recession officially started.

I wonder at times how people like Kudlow still manage to opine with such sublime confidence. Denial, I guess. Dow 36,000, anyone?

(Hat tip: AL)

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