Steve Pociask on CNBC: The Good and the Bad News about This Year’s Holiday Shopping Season

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ACI Survey: Most Consumers Say The Economy Is Worse Today Than Last Year and Expect To Spend Less This Holiday Season

Washington, DC, December 16, 2009 –– In a nationwide survey conducted by the American Consumer Institute Center for Citizen Research (ACI), 60% of consumers say that the economy is worse than it was a year ago, while 17% believe the economic is about the same and only 22% believe the economy is either better.  The […]

BLS says that One-half Million More Jobs Lost in the Last Month … As Predicted, Economic Stimulus Package Will Do More Harm and Good

Six Months ago, I commented about the problems with the Economic Stimulus Package and how it would not provide any immediate benefit, be largely ineffective and create more long term costs than benefits.  The Bureau of Labor Statistics just released its latest employment situation report and showed that the economy lost nearly one-half million jobs […]

Economic Stimulus Will It Work? Maybe, Maybe Not

Economic Stimulus Plan is Not a Panacea   As 2009 begins, I reflect back on how the last bailout performed and reminisce about how all the money that was already wasted bailing out corporations at the expense of American taxpayers, and now it looks like more waste could be coming under the heading of an […]

Effects of Economic Slowdown Discussed

Professor Fuhr has been recently quoted in two articles discussing the effects of the economic slowdown on holiday shopping and casino gambling revenues … see: Technorati Profile

Citing the Poor Economy, Most American Consumers Expect to Buy Less This Holiday Compared to Last Year

Reston, VA, December 12, 2008 –– In a nationwide survey conducted by the American Consumer Institute, 93.4% of consumers say that the economy is worse than a year ago with only 1.1% saying that the economy is stronger. The results are significantly worse than the Institute’s December 2007 Consumer Pulse Survey, which found that 68.8% […]

Broadband Tax Relief Will Contribute Substantially to Efforts to Create Jobs

Details of President-elect Obama’s stimulus package are not known, but its general focus on creating jobs is coming increasingly clear. He recently characterized the package in part as: “…a two-year, nationwide effort to jump-start job creation in America.” It has been reported that the president-elect has directed his economic team “to come up with an […]