Sunday, February 17, 2008

Economic woes reveal a long-felt unease (AP)



Treasury Secretary Henry Paulson gives his assessment of the economy while testifying on Capitol Hill in Washington, Wednesday, Feb. 13, 2008, before the House Budget Committee. Paulson affirmed the economy as 'diverse and resilient,' adding, 'I believe our economy will continue to grow, although at a slower pace than we have seen in recent years.' (AP Photo/J. Scott Applewhite)AP - Even when experts were declaring the economy healthy, many Americans voiced a vague, but persistent dissatisfaction. True, jobs were relatively plentiful over the last few years. It was easy to borrow and very cheap. The sharp rise in the value of homes and plentiful credit cards encouraged a nation of consumers to get out and buy. But to many people, something didn't feel right, even if they couldn't quite explain why.




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