Recession Not As Bad As 1980, Says Small Biz Economist

March 26, 2009 RSS Feed Print
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We hear constant comparisons between today's economy and the 1930s. But it's not apt to compare this recession to the one just 29 years ago, says William Dunkelberg, chief economist at the National Federation of Independent Business. Read on here:

While the economic indicators are now hovering near the low levels we saw nearly three decades ago, Dunkelberg isn't panicking and doesn't think small business owners should be fearful either.

"We'll get through this year as always," he said. "It's the private sector that will save itself, not the government."

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is that we cannot do dramatic tax cuts and interest rate cuts to spur the turnaround.

We have already done all that to the max and yet we are moving downward.

You can compare 1980 to now, but you cannot compare the prospective fixes.

Muser of NM 2:55PM March 26, 2009

Risky Business

Risky Business

Matt Bandyk, a reporter for U.S. News, explores capitalism from where it all begins, with the entrepreneur, whose risk taking and experimentation provide the roots from which the rest of the economy grows. As much courage as it takes to create one's own business, even the entrepreneur needs some help, and this blog will look at news, trends, and practical advice for starting and running a small business.

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