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Home / Virginia Delegate Op-Ed: Fostering Real Economic RecoveryVirginia Delegate Op-Ed: Fostering Real Economic Recovery
Last Updated on Monday, 23 February 2009 02:26 Written by rslcpol Monday, 23 February 2009 11:39
From Bearing Drift:
The economic downturn that began this past autumn should not have come as a surprise to many folks. Predictions and forecasts of the “correction” by economists and financial talking heads alike have abounded in the media for probably 2 or 3 years now. We saw the hugely inflated real estate market blaze a path of temporary prosperity through some parts of the U.S. for nearly a decade, but the experts said rightly that we would eventually experience a downturn because this extremely hot market, (and everyone knew it), simply wasn’t sustainable.