It's time for some truth and a lot less of the avoiding blame game.
http://www.forbes.com/afxnewslimited/feeds/afx/2007/10/16/afx4225690.html
Transcript.
Title: Mr Treasury
Big: Housing numbers are bad. Really bad.
Big: The economy is at a point of "correction".
Victor: Doesn't negative growth mean "recession"?
Big: The current administration doesn't allow me to use that word so we are just seeing a "correction" for a few quarters.
Victor: Must be some new form of transparency in government...
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