The recession is here
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| Thu, 10-09-2008 - 4:40pm |
http://finance.yahoo.com/banking-budgeting/article/105935/Economists-Expect-U.S.-Crisis-to-Deepen
"This is the first time that survey forecasts for those periods have turned negative. If those predictions bear out, it would mark the first time U.S. GDP—the total value of goods and services produced���has contracted for three consecutive quarters in more than a half century."
And GM is the lowest it's been since 1950.
Let's elect the intelligent candidate:
http://www.washingtonpost.com/wp-dyn/content/article/2008/10/08/AR2008100802929.html
This is how David Broder concludes his article:
"It may be that we will not know what policies we're getting until one of them takes office. But I was struck by the survey of economists reported in the current issue of the Economist, the London newsmagazine that covers America so well. It found much greater confidence in the economic views and advisers of Obama than McCain. The 142 respondents included far more Democrats than Republicans. But even among Republicans, the Obama team was rated superior -- and among the unaffiliated, the choice was overwhelming.
That is less satisfying a measure than the candidates themselves could provide if they were more candid. But it may be the best we can get."
