A New Term to Describe Our Economy

Purgatory

The shrill one, Paul Krugman, noted on Stephanopoulos' show, that, "We've got a problem with terminology because we usually say either the economy is in recession or the economy is recovering. Either you're in hell or you're in heaven. And the trouble is we're actually in purgatory."

You can see it on the video at about -7:20. (it counts down, not up, and there is a 15 second ad)

This is a term which should stick. "Jobless recovery," like the last 2-3 recoveries, sounds so benign.