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

To: PROLIFE who wrote (28854)	5/23/2008 5:26:11 PM
From: puborectalis	Read Replies (1) \| Respond to of 224748

ask anyone but the classroom economists. U.S. stocks fell, extending the market's biggest weekly retreat since February, on concern a worsening housing recession and rising energy costs will prolong the slump in corporate profits

To: PROLIFE who wrote (28854)	5/25/2008 8:25:49 PM
From: puborectalis	Read Replies (1) \| Respond to of 224748

BERLIN (AP) -- Warren Buffett, whose business and investment acumen has made him one of the world's wealthiest men, was quoted in an interview published Sunday as saying the U.S. economy is already in a recession. Asked by Germany's Der Spiegel weekly whether he thinks the U.S. could still avoid a recession, he said that as far as the average person is concerned, it is already here. "I believe that we are already in a recession," Buffet was quoted as saying. "Perhaps not in the sense as defined by economists. ... But people are already feeling the effects of a recession." "It will be deeper and longer than what many think," he added.