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News Link • Economy - Economics USA

Economy growing but recovery could be at risk

• AP
If shoppers retrench in the face of rising joblessness and tight credit, the fragile recovery could tip back into recession.

For the Obama administration, the positive report on economic growth is a delicate one: It wants to take credit for ending the recession. On the other hand, it needs to acknowledge that rising joblessness continues to cause pain throughout the country.

Millions of Americans have yet to feel a real-world benefit from the recovery in the form of job creation or an easier time getting a loan. Even those with jobs are reluctant to spend. The values of their homes and 401(k)s remain shrunken.

1 Comments in Response to

Comment by Found Zero
Entered on:

"If shoppers retrench in the face of rising joblessness and tight credit, the fragile recovery could tip back into recession."

 Damn you shoppers! Damn you to hell! This is all your fault! 


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