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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: HPilot who wrote (27028)4/30/2008 9:13:52 AM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 224718
 
That type of growth is called "a growth recession" - a situation where growth is not enough to produce an increase in jobs and causes a loss of jobs.



To: HPilot who wrote (27028)4/30/2008 9:15:24 AM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 224718
 
``We're in what's called a growth recession that is going to last for at least another year,'' David Resler, chief economist at Nomura Securities International Inc. in New York, said before the report. ``Consumers are up against a lot of headwinds. High energy costs and the credit crunch have virtually stalled growth.''


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