Yesterday on CNN...

President Bush denied Tuesday that the United States' economy is in recession, calling it instead a "slowdown."

However...

The United States has not been in recession since 2001, but many economists expect a recession this year. Some economists have said the United States is already experiencing one, and surveys suggest much of the public agrees.

I guess that explains why John McCain also doesn't believe the country is in a recession. After all, he takes all of his economic notes from George W.

"Fill my eyes with that douuuble viiiisiooooonnnn..."