This article explains the economic worsening with lots of complicated numbers. Basically, we made too much stuff, and no one is buying it, and it's just sitting there. Because no one has jobs. So companies can't pay people, because no one is buying their stuff. Because no one has jobs. It's what they call a vicious cycle.Except for the folks on Wall Street who got huge bonuses. (But not quite as huge as last year, so, things are rough for them, too. Really. Hard lives.) But now Obama is on the case and he's pissed about the bonuses, and the corporate jets. This has been your daily economy roundup.
This article explains the economic worsening with lots of complicated numbers. Basically, we made too much stuff, and no one is buying it, and it's just sitting there. Because no one has jobs. So companies can't pay people, because no one is buying their stuff. Because no one has jobs. It's what they call a vicious cycle.Except for the folks on Wall Street who got huge bonuses. (But not quite as huge as last year, so, things are rough for them, too. Really. Hard lives.) But now Obama is on the case and he's pissed about the bonuses, and the corporate jets. This has been your daily economy roundup.