“It’s the Recession, Stupid” by Robert Borosage
January 15, 2008, 1:00am
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.
From Blog For Our Future