March 9 (Bloomberg) -- U.S. stocks fell, extending the worst weekly slump in the Standard & Poor’s 500 Index since November, after Warren Buffett said the economy “has fallen off a cliff” and the World Bank predicted a global contraction. Buffett said the economy is in “shambles”
March 7, 2009 (The Canadian Press)— Finance Minister Jim Flaherty says ongoing dismal economic news doesn't surprise him and his federal budget anticipated things would deteriorate."This is a difficult time, it's going to be a difficult time this year. We anticipated that," he said, and he is "comfortable" with how the economy is playing out relative to the projections in the budget. In his speech, Flaherty expressed confidence in the future, noting that "this is nothing" compared with the privations endured by previous generations.
We anticipated that? (The Canadian Press)- September 15, 2008 "My own belief is if we were going to have some kind of big crash or recession, we probably would have had it by now." Stephen Harper in the midst of the 2008 Federal Election, called at a time of Harper's personal choosing and political convenience.
Monday, March 9, 2009
Posted by Fillibluster at 10:27 AM