Warren ‘Debbie Downer’ Buffett Says We’re Still In A Recession

September 23, 2010 |  by  |  Lifestyle
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In the wake of the all-too-rare-these-days positive news about the ailing economy, Warren “Debbie Downer” Buffett had to go and ruin the party. Last week, it was revealed that, yes, indeed, we are officially out of the woods on this whole recession thing, and have been since June of 2009! Yay! Party, right?

Wrong.

‘We’re still in a recession,’ the Oracle of Omaha told CNBC Thursday. ‘We’re not gonna be out of it for a while, but we will get out.’

That’s easy for you to say, dude. You’re the #2 RICHEST MAN IN THE WORLD, with a net worth of $45 billion smackaroos.

The National Bureau of Economic Research said Monday that country’s 18-month-long recession ended in June 2009. But Buffett uses a different criteria for evaluating the U.S. recovery, saying the recession will be over once real per capita gross domestic product returns to pre-recession levels (via CBS News).

According to Wikipedia, in 2008 Buffett was ranked by Forbes as the richest person in the world with an estimated net worth of approximately $62 billion. In 2009, after donating billions of dollars to charity, Buffett was ranked as the second richest man in the United States with a net worth of $37 billion.

Obviously, he’s a savvy guy and makes some valid points. Yes, the economy is still in the pits, unemployment is running rampant, and yes, I’ve been eating way too much Top Ramen for my liking in the past year. But sometimes all it takes is a positive attitude and little optimism to help get people out of a slump. So let us have our little moment of hope that this recession is on its way out the door, Richie Rich. Even if it’s not entirely true, it’s better than living in fear (or on your couch), right?

 

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