Now that Congress appears poised to sign off on a rescue plan for Wall Street, will that save the United States from an economic downturn?
Many economists think not. Even before lawmakers announced a tentative bailout deal early Sunday, the data were showing declines in business spending, a hunkered-down consumer, and rising unemployment. The US economy is, by most indications, on the leading edge of a recession.
http://www.csmonitor.com/2008/0929/p01s01-usec.html
Christmas 2015
8 years ago
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