Wednesday, February 18, 2009

An Even Bleaker Future

Today the Federal Reserve issued new projections about the performance of our economy this year. The short version – bad. The previous projections claimed that the unemployment rate would rise to between 7.1 and 7.6 percent for this year, but now it seems the percent has increased, sitting somewhere between 8.5 and 8.8 percent. This year has barely even started and already unemployment has increased by a possible 1 percent! Our economy keeps falling and it seems that the ground is nowhere is sight. When will this all end? How much “change” is it going to take to get us back up on our feet? At the moment, the only thing it seems we can hope for is that when we do finally hit the ground, we hit it running.

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