2.02.2009

Economic Sobriety Check

Douse your face and put some chicory in the coffee - it's time to take a cold, hard look at what we're facing:

Manufacturing in the U.S. shrank again last month and consumer spending recorded an unprecedented sixth monthly decline in December, offering no sign the economy has hit bottom.

The factual scenario laid out in the link above makes me even more skeptical of the ability of the stimulus plan to alter the economic slump.