clueless Council?

Earlier Thursday, the Labor Department reported that almost 4.8 million Americans, an all-time high, were receiving unemployment benefits. That number is likely to grow as a slew of major U.S. companies have announced mass layoffs this month. Companies have announced about 130,000 layoffs in January, according to an Associated Press tally. The U.S. has been mired in a recession since December 2007. It is on track to be the longest downturn since World War II. (AP)
Are there any geniuses out there now, who believe this is just a bout of inflation and a correction? They were waiting for the official word classifying this aa a recession MONTHS after everybody else knew we were in trouble. Now if we can only get this thru to the Mayor and the Council. They seem to remain clueless.