Journalists differ over end of recession

Julia Seymour of the Business & Media Institute writes that Newsweek, ABC and other media have claimed that the recession is over, while others disagree.

Seymour writes, “CNBC’s Jim Cramer, BusinessWeek economics editor Peter Coy and even left-wing economist Dean Baker disagreed that the recession is over.

“Cramer told MSNBC’s Donnie Deutsch on July 27 that ‘this is way too premature’ and that Newsweek was six months early.

“Baker had even choicer words on Politico’s Arena, saying that ‘only economists and Washington pundits are going to be blathering about a recovery.'”

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