Is This The Worst Recession in 30 Years, Or Something More Fundamental?

Jim Rubens

 

Not since gas lines and Jimmy Carter’s sweaters has America’s self-confidence been so shaken. Consumer economic expectations are trawling their lowest level recorded in the 40 year history of this index. Rasmussen Reports polling pegs Congress’ job-approval rating at 9 percent, deep in record low territory. Last year, for the first time since the Great Depression, household saving had plunged to about zero.

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