The United States economy sank into a recession December 2007

The United States economy officially sank into a recession last December, which means that the downturn is already longer than the average for all recessions since World War II, according to the committee of economists responsible for dating the nation’s business cycles.
The rest of the story

Greenspan to Stephanopoulos: This is ‘By Far’ the Worst Economic Crisis He’s Seen in His Career

ABC News’ George Stephanopoulos Reports: Former Federal Reserve Chair Alan Greenspan said this morning that this is “by far” the worst economic crisis he has ever seen. “There’s no question that this is in the process of outstripping anything I’ve seen, and it still is not resolved and it still has a way to go,” [...]

National debt grows $1 million a minute

Like a ticking time bomb, the national debt is an explosion waiting to happen. It’s expanding by about $1.4 billion a day — or nearly $1 million a minute.

What’s that mean to you?
It means almost $30,000 in debt for each man, woman, child and infant in the United States.
Even if you’ve escaped the recent [...]

Recession Signs Grow as Winnebago Leads U.S. RV Drop

 Winnebago Industries Inc., Thor Industries Inc. and other U.S. recreational-vehicle makers will probably say shipments fell in 2007 for the first time in six years, a sign the U.S. economy may be headed for a recession.For the past three decades, deliveries of motor homes and travel trailers have dropped before each decline in the U.S. [...]