Lakshman Achuthan

It’s official. On December 1, the National Bureau of Economic Research declared the United States has been in a recession since December 2007. In a statement, CNNMoney.com posted a report on the same day in which White House Deputy Press Secretary Tony Fratto was quoted as saying: “The most important things we can do for the economy right now are to return the financial and credit markets to normal, and to continue to make progress in housing, and that’s where we’ll continue to focus. Addressing these areas will do the most right now to return the economy to growth and job creation.” Nonetheless, several