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Los Angels Times-U.S. economy may sputter for years
U.S. economy may sputter for years Unemployment could be worse than now by the time President-elect Barack Obama's first term ends. By Peter G.Economy shrank at fastest clip since '82
The Associated Press
updated 8:38 a.m. CT, Fri., Jan. 30, 2009
WASHINGTON - The economy shrank at a 3.8 percent pace at the end of 2008, the worst showing in a quarter-century, as the deepening recession forced consumers and businesses to throttle back spending.
Wall Street Journal: The Obama Economy
PUBLIC POST *
The Obama Economy
As the Dow keeps dropping, the President is running out of people to blame.
As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997.
Expect the World Economy to Suffer Through 2009 (Political risk is a bigger factor than ever.) please read
By IAN BREMMER and NOURIEL ROUBINI (WSJ 1/23/09) Some optimistic experts are now saying that though this will be a turbulent year for global markets, the worst of the financial crisis is now behind us. Would it were so. We believe that 2009 will be tougher than many anticipate.The economy and stimulus packages A VERY GOOD READ
Conn Carroll put all this together, and I hope EVERYONE reads it President Barack Obama wants us to put away out “childish” disagreements. But their is nothing childish about the very real concerns many economist have about his $800 billion soon to be over $1 trillion stimulus package. Those with very adult doubts about how borrowing another dollars can save our economy when we already have a trillion dollar deficit include: John Bates Clark Medal recipient, Nobel laureate, and University of Chicago economics professor Gary Becker: Perhaps their estimates of the stimulus provided by direct government spending are in the right ballpark, but I tend to believe that they are excessive.Moscow starts to shut up shopSoaring unemployment and a shrinking economy point to long winters of
Moscow starts to shut up shopSoaring unemployment and a shrinking economy point to long winters of discontent Kathryn Hopkins in Moscow The UK Guardian Four decades after her father wrote Back in the USSR, Stella McCartney is shutting up shop in Moscow. Designers such as Lanvin and Alexander McQueen have followed suit. Several stores that were once packed with fur-clad Russians fighting to pick up the latest western trends now stand empty.US soldiers re-enlisting because of poor economy
***PUBLIC POST*** US soldiers re-enlisting because of poor economy By JOHN MILBURN and STEPHEN MANNING, Associated Press Writers FORT RILEY, Kan. – Sgt. Ryan Nyhus spent 14 months patrolling the deadly streets of Baghdad, where five members of his platoon were shot and one died.The Idiot’s Guide to Destroying the Economy: a 12-Step Program
Think destroying the mighty economy of the United States is too big a job for you? Relax. Anyone can do it.Obama Cooks the Books, Either That, or He's Admitting His Plan Will Destroy the Economy
Obama Cooks the Books Either That, or He's Admitting His Plan Will Destroy the Economy Posted by Brian Faughnan Tuesday, January 13th at 3:50PM EST No Comments Incoming OMB Director Peter Orszag took some flak at his confirmation hearing today, most notably from Senator Bill Nelson (D-FL). But while the continuing criticism of Obama’s economic plan will make the headlines, Orszag might also need to answer some more questions about the damage he seems to expect Obama to do to the economy. Until a few weeks ago, Peter Orszag was the Director of the Congressional Budget Office.Obama's Proposed Fuel Economy Rules
- On May 19, President Barack Obama proposed rules requiring higher fuel-economy (and lower carbon dioxide emissions) standards for automobiles. Under the rules, new passenger vehicles and light trucks must average 35.5 miles per gallon by 2016. - It is a big win for environmentalists, who have been pushing for years for more fuel-efficient cars.
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