Since 2007??

ummm.... I can understand not being able to predict something, but how can it take a year to understand we are in a recession?

WASHINGTON -- The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday.

What good is it for a group of economist to spend the time and expense conferring to announce something that is a year old? There has to be a Monty Python skit that relates to this.