Economy's tumble worse than expected ...

Economy's tumble worse than expected in 3Q

There are 3 comments on the Connecticut Post story from Nov 25, 2008, titled Economy's tumble worse than expected in 3Q. In it, Connecticut Post reports that:

The economy took a tumble in the summer that was worse than first thought as American consumers throttled back their spending by the most in 28 years, further proof the country is almost certainly in the throes ...

Join the discussion below, or Read more at Connecticut Post.

Since: Nov 08

Ramona, CA

#2 Nov 25, 2008
The economy is still headed south. The prediction of 9 or 10% unemployment nationally before we're through is not unrealistic. That equates to a couple of million jobs that will be lost in 2009.
John C


#3 Nov 25, 2008
These "predictions" are worthless. We are in a free fall, and only "big time" government intervention with PRINTED money, will prevent a total melt-down. After that, people will finally realize that we don't need unrealiable private banks to keep production and the economy going - nor do we need unreliable corporations and insurance companies to provide pensions and health care.

But we will also find out that we cannot allow the kind of clowns in government, like what we now have, to run our economy either. It will be up to us to become an informed electorate and to finally make this democracy of ours a successful experiment.
Get real

New London, CT

#4 Nov 25, 2008
Barack Obama sure has his hands full with the disaster he inherited from the Bush administration. Sorta like Bridgeport only in 50 states, not just one city. I'm trying to keep optomistic, but it sure isn't easy. Never thought I'd see the day come when we had to face this. This is the same thing my elderly relatives talked about and now its ours to deal with.

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