Friday, October 24, 2008

Roller-coaster? ... bad analogy!

Roller-coasters have UPS as well as downs...
Our economy?
Job losses accelerating, and the worst is ahead
By CHRISTOPHER S. RUGABER, AP Economics Writer Christopher S. Rugaber, Ap Economics Writer – Thu Oct 23,2008
WASHINGTON – Unemployment claims, already well into recession territory, are rising even faster than expected, leading economists to warn Thursday that the worst is yet to come.
This is looking to be a long, ugly time for America.

Thanks, W!
Thanks, John!!

As McCain is quick to remind us - the unemployed don't pay taxes, so Obama can't lower their taxes!!!

... well, actually: the unemployed DO pay taxes: gas, food, clothing... if you buy any of these, you pay taxes.

US dollar falls to 95.32 yen, lowest in 13 years
Japanese products just got more expensive.

Recall, our economy is 70% consumer spending. When consumers don't spend??? We're about to find out.

Have a nice day.

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