Zero Hedge: How The Economy Quietly Entered A Recession On Friday

And Why The GDP Predicts A Sub-Zero Nonfarm Payroll Number

• the YoY change in real GDP, which is now at 1.5%, is a slam dunk indicator of recession
• every time real YoY GDP has dropped below 1.5%, this has led to a negative nonfarm payroll number
• every manufacturing index for the month of August has missed expectations
• the collapse in real-time economic data (such as ISM, German IFO, etc.) over the past three months is the sharpest of the last two decades

And Obama wants to block energy production.  Go figure.  He's got a bigger problem than climate change.