pajamasmedia.com - 1/19/2009
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I CERTAINLY HOPE THIS IS RIGHT: The Most Intense Period Of The Recession Is Behind Us. I’m not so sure, though. Seems more likely that the recession is just getting started. The “stimulus” seems mostly good for padding the wallets of the well-connected, so I don’t see ...
abcnews.go.com - 1/19/2009
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abcnews.go.com —
The country is in the middle of the
worst economic downturn since the Great Depression, which isn't
stopping rich donors and the government from spending $170 million, or more, on the inauguration of Barack Obama . The actual swearing-in ceremony ...
(more)
What Recession? The $170 Million Inauguration
business.timesonline.co.uk - 1/25/2009
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business.timesonline.co.uk —
PARTS of the United Kingdom have become so
heavily dependent on government spending that the private sector
is generating less than a third of the regional economy, a new analysis has found. The study of Soviet Britain has found the government s ...
(more)
‘Soviet’ Britain swells amid the recession
forbes.com - 1/13/2009
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forbes.com —
Friday's jobs report was awful, but contrary to
popular belief does not signal the death of the
consumer. This notion--that fewer people working means less consumption--has become conventional wisdom. And those who believe this think government ...
(more)
The Most Intense Period Of The Recession Is Behind Us
Comments
Blog Reactions
Beware the cure
QandO —
... from a year-ago, the fastest increase since 1972. In addition, the real purchasing power of workers’ cash earnings (total hours multiplied by real hourly earnings) actually increased by about 0.3% in December, putting it about 0.1% ahead of where it was a year ago. In other words, declines in energy prices, as well as some other prices, have roughly offset the damage to consumer purchasing power caused by job cuts and fewer hours for the remaining workforce.Glenn Reynolds isn’t so sure: Seems more likely that the recession ...
If you were First Lady…
The Anchoress —
... ? I’d like to believe it, but like Glenn Reynolds, I think the thing is just getting started. Remember, they’ve been telling us ...
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