Breaking news, huh?

US President George W. Bush on Friday acknowledged for the first time that the US economy is in a recession after the release of official data showing the worst monthly job losses since 1974.

"Today's job data reflects the fact that our economy is in a recession," Bush said. "My administration is committed to ensuring that our economy succeeds, and I know the incoming administration shares the same commitment."

..."I'm concerned about our workers who've lost jobs during this downturn," he said. "We are focusing on the root causes of the economic downturn in order to return our economy to health."

Please hurry up January 20, I just can't take any more of this dunce.