He ruined your country, America, and now Obama is just going to finish the plan.
"Wholesalers cut October inventories" by Associated Press | December 11, 2008
WASHINGTON - Wholesalers cut back on their inventories in October by the largest amount since the period following the 2001 terrorist attacks while they watched their sales plunge by a record amount.
Analysts predict more grim news in the months ahead as the recession deepens. The Commerce Department reported yesterday that wholesalers, the companies in the supply chain between manufacturers and retailers, reduced their inventories 1.1 percent in October, the biggest cutback since a similar drop in inventories in November 2001.
The inventory decline was much bigger than the 0.2 percent decrease economists expected. Sales at the wholesale level plunged 4.1 percent in October, the largest decline on record....
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The declines in inventories and sales provided further evidence that the economy is in a steep recession.
Some would even say (gasp) "DEPRESSION!"
Many analysts believe the current recession, which has already lasted 12 months, will drag on until the middle of next year. If it lasts past April, it will become the longest recession in the post World War II period, surpassing recessions in the mid-1970s and early 1980s that both lasted 16 months....
--more--"The BUSH LEGACY we will all have to live (hopefully) with!!!!
