Free Republic

Gallup’s latest economic findings are seemingly straight out of the dystopian novel “The Hunger Games.” That is to say, every state in the nation boasted a negative economic index score; only the District of Columbia -- the capital city -- is seemingly prospering. Surprise: The pollsters posit some interesting takeaways for us to consider: (1) the disparity between the most economically confident state (Massachusetts) and the least economically confident state (West Virginia) is 43 percentage points. (This excludes the District of Columbia, of course, which is not a state).That’s an enormous gap, and one that doesn’t appear to be shrinking,...

The economy nearly stalled in the fourth quarter with a growth rate of just 0.6 percent, capping its worst year since 2002. Wednesday's Commerce Department report showed that the economy deteriorated considerably during the October-to-December quarter as worsening problems in the housing market and harder-to-get credit made individuals and businesses more cautious in their spending. Fears of a recession have grown, even as inflation remained elevated. For all of 2007, the economy grew by just 2.2 percent, the weakest performance in five years, when the country was struggling to recover from the 2001 recession. The housing collapse was the biggest...