A RECESSION

By Kermit C. Moss

                                     Mercy me, sakes alive, and carrot coffee!

Are we in a recession or not? Just what is a recession anyway?

First, let us look at what Mr. Webster says: "The act or action of receding; a period of reduced economic activity".

So what about our current situation? Consumer confidence is down. Prices are receding, in housing, and some other items, employment is receding, and consumption, the life-blood of an economy, is receding - so much so that even George Bush has endorsed a plan and the House has passed a plan to give tax rebates to put more purchasing power in the hands of consumers.

When looking at all these things, how can anyone say that we are not in a recession?

Here, it would seem to be only those who are not informed, or those who have an economic interest in so saying!

Kermit C. Moss
PO Box 1136
Monticello, AR 71657

PH 870-367-2486 - office
870-367-7034 - home

January 26th, 2008

 

              

 
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