Why 2009 will be worse than 2008

Reason
by Jeff Taylor

02/02/09

Whew. Now that 2008 is in the history books, $8.5 trillion in federal bailout money is in the pipeline, and bold leadership is set to take command, Americans can all breathe a little easier, right? Uh, no. The unhappy fact is that 2009 is almost certain to feature more economic hardship than the year that preceded it. President-elect Barack Obama may think he has steeled himself and his administration for this outcome, but three major factors argue against Obama truly being prepared for what’s to come...

//www.reason.com/news/show/130832.html


Informant: Thomas L. Knapp



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