New economic data provides growing evidence that the collapse of the housing market and financial markets have pushed the U.S. economy into recession. The question now on the minds of consumers (us), business owners and politicians: How bad is it going to be, and how long is it going to last?

What needs to be done to pick up this recession? This has now become a world wide issue, and it is effecting other countries as thier economy struggles. There's no doubt that somethings have to change.