HuffPost: How I Know We're in for a Rough Economic Ride

[marmar]

by Joanne Bamberger
Posted December 2, 2008 | 10:42 AM (EST)
How I Know We're in for a Rough Economic Ride



I'm not an economist, and I don't play one on TV. But regardless of what the likes of Senator Saxby Chambliss and George Will have to say, it's clear we are still on a downward trend with the economy, and no one can see the bottom of that pit just yet.

How do I know if I don't have a Ph.D. in something that involves math or economic theory?

Well, I had lunch at Burger King last week and there was no one in line ahead of me, which struck me as a little odd. And there was no one behind me. The cashier behind the counter exclaimed when he saw he, "Oh, thank God -- a customer!"

The cashier at Ann Taylor Loft, where I went in search of a new sweater as I was armed with my 20% off coupon, told me at the check out I wouldn't need it. "All the sale merchandise is an additional 40% off," she told me. That almost made the sweater free -- and Ann Taylor Loft didn't care as long as they could make some kind of sale. Any sale.

One of my stepdaughters is pretty sure a series of E-mails over the Thanksgiving day holiday, cryptic though some of them were, means she doesn't have much of a job to go back to. And she wasn't the only family member worried that the days ahead will bring a pink slip, not a promotion. ............(more)

The complete piece is at: http://www.huffingtonpost.com/joanne-bamberger/how-i-know-were-in-for-a_b_147675.html

[SpiralHawk]

1. The putrid fruit of republiconomics

The Bush-Republicon shock & awe Depression