Wednesday, January 30, 2013

Economy Going Back Down?

"Think of it as a giant hand holding down the economy," chief economist Tim Hopper at TIAA-CREF says about the economy in the late months of 2012. Since October, the economy's drive has basically stopped improving. The G.D.P. has gone down to 0.1% which is the worst it has been in almost four years. Lawmakers were trying to deside on tax increases and the Government had to limit their spending. The economy is expected to go back up in 2013 because the Congress and White House agreed on taxes and spending for the Government.
http://online.wsj.com/article/SB10001424127887324156204578273611039517142.html

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