Tuesday, November 20, 2007

Economy to Survive on $1 Cheeseburgers!

Burger King to Offer $1 Cheeseburger: Financial News - Yahoo! Finance: "Burger King to Offer $1 Cheeseburger"

The coming consumer crunch - BusinessWeek.com- msnbc.com: "In recent years the U.S. mostly has seen narrowly focused downturns, where a few sectors are hit hard while the rest of the economy and financial markets remain relatively unscathed. In the dot-com bust of 2001, for example, tech companies and stocks took it on the chin, while consumer spending and borrowing sailed through without a pause. This time the positions will be reversed, as consumers tank while much of the corporate sector stays on track. It's been a glorious run for the consumer. In the past 25 years, Americans have kept shopping through good times and bad. In every quarter except one since 1981, consumer spending rose over the previous year, adjusted for inflation. The exception was the first quarter of 1991, and even then the decrease was a mild 0.4% dip."

Repubs Vow to Bitchslap Economist "But, lest you think that The Hammer is about to start playing for the other team, he did poke fun at New York Times columnist -- and favorite conservative punching bag -- Paul Krugman: 'I'd like to bitch-slap him.' DeLay also ruled out another stab at politics, even if GOP fortunes reverse: 'I'm 60 years old, I'm through.'"
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