"I believe that we are already in a recession"

The response of Warren Buffett, the 77-year-old chairman and chief executive of Berkshire Hathaway Inc., when asked by Germany's Der Spiegel weekly whether he thinks the U.S. could still avoid a recession.   "Perhaps not in the sense as defined by economists. ... But people are already feeling the effects of a recession," he continued.  He also said that as far as the average person is concerned, it is already here.  "It will be deeper and longer than what many think," he added.

With the Stimulus checks already in many consumers hands, Congress taking steps to address the housing/mortgage crisis, and as the Presidential nominating process finally begins to resolve itself, it seems an appropriate time for our leaders to turn their attention to crafting a comprehensive economic strategy for our future, that makes globalization work for all Americans and addresses the pressing issues of health care and global warming.  We at NDN have been trying to do our part through our Globalization Inititiative and nascent Green Project.