(CNN) – Economists will tell you the United States is not in a double-dip recession. Don’t tell that to the American people. Our new CNN/ORC International poll shows that 82 percent of the American people believe the U.S. is in an economic recession. Only 18 percent say we are not yet in recession.
The technical definition of a recession is simple: two successive quarters of negative growth. The first three months of this year showed tiny growth; the second three months showed very modest growth. We are now in the midst of the third quarter and won’t know the results for a while.FULL STORY
Watch The Situation Room with Wolf Blitzer weekdays at 4pm to 6pm ET and Saturdays at 6pm ET. For the latest from The Situation Room click here.