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...sales are down about 30%. Sales at Chrysler have been hit hardest, down 50% in the most recent two months. In a bad economy, it makes sense that consumers will avoid a $25,000 purchase. Analysts and economists are trying to figure out how much people are willing to spend for almost everything. Will they buy a new refrigerator for $500 if their current model is old but not broken? The data from the last quarter indicate that they...

Author: /time Magazine | Title: PC Sales Start to Look Like the Car Industry | 2/19/2009 | See Source »

...what is the magic formula? How does the White House buy time to spend now without spooking the markets or stoking fears that the U.S. intends to inflate its way out of debt? Obama's aides say they can do that by winding down the war in Iraq, cutting fat and raising taxes on the wealthiest Americans--and, later, by entitlement reform. All during the campaign, Obama talked about going through the budget "line by line," zeroing out programs that don't work or have outlived their usefulness. Even as he signed the stimulus bill, he had already pivoted...

Author: /time Magazine | Title: After the Stimulus, Can Obama Tame the Deficit? | 2/19/2009 | See Source »

...baby boomers. "If health-care costs grow at the same rate over the next four decades as they did over the past four decades, you're up to 20% of gross domestic product by 2050," he claims. Translation: left unchecked, the government won't have money to spend on anything but health care...

Author: /time Magazine | Title: After the Stimulus, Can Obama Tame the Deficit? | 2/19/2009 | See Source »

...Republicans are relegated to arguing that, whatever our economic circumstances will be in the future, the glass is half-empty. Why not drum it into everyone’s head from the get-go that the reason the glass is half-empty is that the Democrats only want to spend money on things like the National Endowment for the Arts and upgrades to the National Mall...

Author: By Clay A. Dumas | Title: The Glass-Is-Half-Empty Strategy | 2/19/2009 | See Source »

...Complaint: Last December, Rachel Gibson and her family of eight (including small children), were booked on a flight home to Buffalo from Orlando, departing at 6:11 p.m. with a connection in Atlanta. Because their flight wasn't until evening, the family figured they'd be able to spend the day at Disney World...

Author: /time Magazine | Title: An Airline's Automated System Penalizes Flyers | 2/18/2009 | See Source »

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