Dire Economic Forecast: Not Good For Detroit
by Deep Throat
October 4th, 2008 7:37 PM
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WASHINGTON (MarketWatch) — The U.S. recession will be “significantly deeper” than they previously thought, Goldman Sachs economists predicted Friday in a research note. The economy will probably show no growth at all between the middle of 2008 and the middle of 2009, with gross domestic product falling 2% this quarter and 1% next, they said. Two other quarters will show 0% GDP growth. The unemployment rate will likely rise to 8% by the end of next year from 6.1% currently. “We now also see at least another 100 basis points of monetary easing from the Federal Reserve, aggressive measures to stabilize the money markets, and a possible further easing of fiscal policy under a new administration,” wrote Jan Hatzius and his team of economists.
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Of course these little additions were attached to gain votes in one of both houses; would be interesting to know who wanted what. But if the wildly undeserving 2.8 get $25B, I suppose arrow makers should get a cut too. Fairness is part of being American. This is an indication at least that all little wooden arrows aren't yet made in China.
So, unleashed. Do you think a $.43 per piece tax on arrows in addition to sales taxes and all the other normal taxes people and companies pay makes sense? Why are arrows taxed this way, but not golf balls?
How did TTAC get a picture of my most recent fishing trip?