steve's barking at the recession.

We are out of the recession. How do I know this? I turn on the Boob Tube and those commentators on those business networks tell me so. They tell me that the economy grow by 1 tenth of 1 percent this quarter and some other ridicules  number the quarter before this and the quarter before that.  They also mentioned that the recession started when we had three negative quarters in a row.
Now we called this thing a recession because we didn't want to call it a depression, a depression being something that's really terrible. We call a depression a depression because we don't want to call it a panic like the really old days, that's more ominous then a depression.
What would  happen if we decided to call it a mild recession if unemployment hit 5% real numbers not government numbers, over 7 %  recession and over 10% a deep recession and over 13% real numbers an oh no depression.
Put that in your pipe you modern day economist and smoke it.