OK, fine so most of the three readers I have on this blog have already known this and like me have been saying it for quite some time, it is now official that the United States is in a recession, and has been for about a year now. I normally like to try and stay above the fray and be better than others and like to think myself not quite so petty as to play the “I told you so” game, but in this case, well I am going to make an exception for all my Faux News watching brethren because they have been so mocking, by standing by their “definitions”

Yes I am talking about all of you that liked to quote and believed financial “expert” Dave Ramsey who “knew better” like in this CBS interview back in January where when answering questions said:

“WHAT ARE YOUR THOUGHTS ON A WORLDWIDE ECONOMIC COLLAPSE? IS IT JUST TALK?” asks John, from New York.

“I’m 47-years-old,” Ramsey replied, “and every year in my memory, there’s been some sort of talk like this … but I’ve never seen it happen.

OK — but how can we be so certain that the world’s not going to fall apart this time around?

“The U.S has the most robust economy in the history of man, and it’s the most sophisticated it’s ever been; there are lots of checks and balances and safety nets,” Ramsey explained.

Except, under pressure from banking industry, U.S. government eased lending rules. So, those “checks and balances were not there (more on that later separately), and the banking industry was playing Russian Roulette with the economy… and lost.

Hey Dave, remember when your arrogance was in full steam calling Ted an idiot because he said we were in a recession back after the Bear Sterns bailout? Remember how ignorant you said he was for his lack of knowledge, and how you knew better and more? Ummm…. guess you were ignorant, because you were “lacking the knowledge” that we were in fact already in a recession. Are you ready to eat some crow now Dave? Idiot!

Aside: Now allow me to point out that there were certainly valid reasons to listen to Dave Ramsey in the past. He is quite correct in stating how Credit Cards and debt are a problem in this country. His teaching about fiscal responsibility and control were (and are) worth noting in a day and age where not enough people are saving for the future and are far too instant gratification orientated. That being said, his push to deny this recession was monumentally stupid, and he lost a lot of (if not all) credibility in the process.

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