Blog #6

On the Los Angeles Times an article written by Walter Hamilton on December 1, 2008 called Stocks fall sharply on consumer spending worries just to state that the United States has finally hit a recession. Many knew that the United States had already hit a recession even though they haven’t mentioned anything with the economy being so bad a couple months ago. So by now everyone should know for sure that we are in a recession many businesses are falling apart people losing their jobs. Many stores are having serious sale posting on the front of their stores saying fifty percent off to even ninety percent off. This is the way they are trying to save their business even though many aren’t capable to do it. The author of the article just wanted to state the fact that most citizens had already found out. For example stores like Macy’s it sank 14%and J.C Penny lost 13% were just hoping this nightmare will soon be gone.