Abstract

Squeezing the Have-Nots
Greider, William | October 31, 2005 issue

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Offers a look at economic conditions in the United States and discusses the possibility for an economic recession. Lack of consumer confidence; Decline of consumer spending and personal incomes; Report that the collapse of New Orleans, Louisiana, due to Hurricane Katrina wiped out nearly 300,000 jobs; Discussion of the negative savings rate among U.S. households; Criticism of President George W. Bush's economic policy; Suggestion that price inflation would be better for the economy than recession; Need for the government to spend money in ways that would help struggling wage earners.

See Also:

UNITED States -- Economic conditions -- 2001-; UNITED States -- Economic policy -- 2001-; GOVERNMENT spending policy; RECESSIONS; CONSUMER behavior; ECONOMIC policy; ECONOMIC indicators; UNITED States
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