We’re in a “down-cline”

Henry Paulson, Secretary of the Treasury has unintentionally created a new word for our economic situation- a “down-cline”.  It was a mis-spoken word during an interview.  But, he goes on to say:

From Reuters: Paulson admits U.S. economy in sharp decline

“There’s no doubt that the American people know that the economy has turned down sharply. So to me much less important is the label that’s placed on it today. Much more important is what we do about it,” he told NBC’s Today Show.

So why not just call it what it is?  A recession.

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