Word: downturns
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Dates: during 1990-1999
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...Whining" hardly captures the extent of the gloom Americans feel as the current downturn enters its 18th month. The slump is the longest, if not the deepest, since the Great Depression. Traumatized by layoffs that have cost more than 1.2 million jobs during the slump, U.S. consumers have fallen into their deepest funk in years. "Never in my adult life have I heard more deep- seated feelings of concern," says Howard Allen, retired chairman of Southern California Edison. "Many, many business leaders share this lack of confidence and recognize that we are in real economic trouble." Says University of Michigan...
...stymie folks here. But that sometimes brings problems." That rugged individualism wreaked havoc in the 1980s on a state that was determined to maintain its boom economy. The fortunes that were once extracted from gold mines were now found in real estate and land development. But an economic downturn combined with a more involved electorate has brought an end to that freewheeling past...
...maybe not just any recession. General Motors, that synonym for American enterprise, sounds a massive retreat with unprecedented plant closings and layoffs. Is this a metaphor for the American economy, for American destiny? We are seized with a sudden fear: maybe the current recession is not just a cyclical downturn, which would make it tolerable, but the harbinger of long- term decline. Maybe the bill for the cold war (or the Decade of Greed or the wages of sin -- pick your poison) has come due, and we are now beginning our inexorable descent. Maybe this is not America...
Buchanan, at minimum, can embarrass Bush by harping on the President's seeming indifference to the nation's domestic problems. Bush's obsession with foreign affairs would have caused him little political grief had the recession been short and shallow. But the downturn's severity, together with Bush's slowness in taking steps to combat it, have left him open to the charge that his attention begins at the ocean's edge. The President betrayed his worries about such attacks last week when he responded to Buchanan's charges, "We must not pull back into some isolationist sphere, listening...
...guess is that at times of an economic downturn you do tend to see an increase in applications for training at either graduate or professional schools," Ayers added...