It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again. The unrelenting negative economic news of the past two weeks has painted a picture of a US economy that fell further and recovered less than we had thought.
When what may eventually be known as Great Recession I hit the country, there was general political agreement that it was incumbent on the government to fight back by stimulating the economy. It did, and the recession ended.
S&P Degrade USA AAA Rating
Posted by Duty Until Death | 8:25 PM | Downgrade USA Rating, USA Debt Crisis, USA Degradation from AAA, USA Double Dip Recession, USA Economy, USA Recession | 0 comments »
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment