[In determining that a trough occurred in June 2009, the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity. Rather, the committee determined only that the recession ended and a recovery began in that month.]
Full Monty here

The more one reads these ridiculous PhD Economists declaring recessions to be ended, one starts to figure it all out - SPIN keeps the masses sedated and hoping for better times. Hope really is the opium of the masses.

Funny, but with a recovery underway, why are all of Obama's economic advisors jumping ship ? If there was a "recovery" they would surely not hesitate to take credit for their wonderful stewardship of the US economy.... but, wait, maybe there is no recovery !! But wait, the NBER bastion said there was.... OK, we are headed for good times.

It's Tuesday...and I'm in a cranky mood. Hope really is the opium of the masses.

The Forgotten Man