Friday’s editorial: The shape of a slump
Gas prices are up, a lot. Housing prices are down, a lot. Jobs are disappearing. The American auto industry is on its knees, and 2,400 Chrysler workers soon will lose their jobs in Fenton.
No wonder America is in a funk.…


The latest economic headlines conjure up memories of Jimmy Carter in a sweater. Inflation is up. Gasoline prices are hitting records. The economy is sputtering. The ayatollahs are misbehaving. If you change the channel, you almost expect to see the Fonz.