The economy nearly stalled in the fourth quarter with a growth rate of just 0.6 percent, capping its worst year since 2002.
The Commerce Department’s report on the gross domestic product, released Wednesday, showed an economy that had deteriorated considerably during the October-to-December quarter as worsening problems in the housing market and harder-to-get credit made individuals and businesses more cautious in their spending. Fears of a recession have grown.
Alternate headline “Despite mortgage crisis, economy still growing.”
Alternate headline:
“Now that we can’t scare you with Iraq, or North Korea,
or an oil crisis, or ‘Global Warming’, it’s time you knew that
the Economy is ‘Plunging’ and you are going to Perish”.
…and how many times in the Bible does it say “Do not Fear”?
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