Academic

HOPE AND CHANGE: U.S. Economy Shrinks More Than Expected. ?The U.S. economy contracted at a steepe?

By Glenn Reynolds

HOPE AND CHANGE: U.S. Economy Shrinks More Than Expected. “The U.S. economy contracted at a steeper-than-expected pace in the first quarter, weighed down by sharp declines in exports and business inventories, according government data on Wednesday that showed the economy was still deep in recession.” It’s as if shoveling money into the pockets of political supporters isn’t enough to produce growth . . . .

Full post as published by Instapundit.com on April 29, 2009 (boomark / email).