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Don't spend money; save it: the Bush administration wants us to spend our way out of recession, but that won't benefit the national economy any more than it would improve our household budget.(ECONOMY)(George W. Bush)
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Somehow it always comes down to economics. In good times, the politicians play and play, and everyone figures that there is nothing that could go wrong. Suddenly we are all looking at the reality of recession. Investment is falling. The externals are even scarier: dollar and stocks skidding, gold and other prices (particularly producer prices) rising. But what tipped the psychological scales is the statistic no one has cared much about in many years: unemployment.
The actual rate is very low by any historical standard: 5 percent. What matters here is the direction of change. It jumped from 4.7 percent. In the old days, unemployment ...
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- Rising unemployment accelerates foreclosure crisis
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Relentlessly rising unemployment is triggering...vigor. In past recessions, the housing...foreclosures tied to the recession. Unemployment...and when the recession ended, the boom...relationship between rising unemployment and foreclosures...
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- Newspaper article from: The Journal Record May 6, 1989 700+ words
...inflation without triggering a recession. ``There's no question...suggest we are heading into a recession.'' Allen Sinai of Boston...cautious. He predicted a mild recession later this year and said...While economists have said rising unemployment is a necessary ingredient...
Source: HighBeam Research, Don't spend money; save it: the Bush administration wants us to spend...