Wednesday, December 10, 2008

Worst Spending Slump Since 1942 Extends ‘Scary’ U.S. Recession

Worst Spending Slump Since 1942 Extends ‘Scary’ U.S. Recession
Tags: ECONOMY

The biggest slump in U.S. consumer spending since 1942 will extend the recession and push the jobless rate to the highest level in a quarter century, according to economists surveyed by Bloomberg News.

Webmaster's Commentary:
The government could fix the economy overnight by slashing taxes by 50%. But the one thing that would work is the one thing they will not do.

No comments: