January 15th, 2008 - 4:12pm ET
It ain’t sexy, I know, but a word about the economy and the presidential debate.
Wall Street banks are holding a fire sale; employment is down, holiday sales tanked. Burdened with record debt and stagnant incomes, homeowners are about to reckon with declining home values, their largest investments, with a projected $2 trillion in assets evaporating in the course of the year. Even clueless George — “the fundamentals are strong” — Bush admitted a little stimulus might be needed.
No comments:
Post a Comment