Wednesday, December 29, 2010

The Business section today is depressing.

In the Review Journal business section today, there were 3 articles with bad news. The first was about home prices falling again. All major cities showed declines in home prices in October.

The second article was about Las Vegas loses 13,400 construction jobs. Construction employment grow or remained steady in 120 out of 337 large cities, but Las Vegas was not one of them.

The third article was about consumer confidence fading in December. It said that holiday spending surged this year, but Americans still have their doubts about the economy. This article also discusses home prices.

It is obvious that the economy is still in trouble. With the all government looking at raising taxes, how can the economy grow? People are losing the homes, jobs, and investments. How can they pay more taxes?

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