Quote:
Originally posted by island911
Anyway, I'm just say'n; our finacial situation could have gotten bad faster, and to a worse degree.
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I agree. The economic news isn't all bad, but it's not the 'raging recovery' some here are trying to portray (fint, you listening?).
It's a weird mix of exceptionally high consumer confidence, uneven purchasing patterns, high consumer indebtedness rate, job growth way below projections, etc.
The $150 (taxable) we got in the Summer of '01 didn't reverse the economic slowdown that started November '00. But that wasn't a recession. 9/11 triggered the recession and we should have been out of it now, if the collective wisdom of the Fed and GWBs cadre had had the key.