Monday, January 14, 2008

People Hoarding Money, Food

It's an interesting coincidence, but the last time personal consumption declined was when "Bush, The Father" was our president back in 1991.

From the article: "...the country may be experiencing a rare decline in personal consumption, not just a slower rate of growth. Such a decline would be the first since 1991, and it would almost certainly push the entire economy into a recession in the middle of an election year.

There's something about the Bush family that just doesn't inspire confidence in regular people. Check the full article, below.

Americans Cut Back Sharply On Spending

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