"It's not that our liberal friends are ignorant. It's just that they know so much that isn't so." -Ronald Reagan

Sunday, September 28, 2008

Christian Science Monitor: Will bank bailout revive growth?

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.


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