denne_O's blog

Recession cutback city - Even the rich people are doing it!

Submitted by denne_O on 23 July, 2010 - 05:24.

Recession cutback city - Even the rich people are doing it!

Wealthy people have been doing the spending with the economy needing to be stimulated. Even those who have many money have quit spending money casually, reports the New York Times. The American economy has come deadly close to halting as noted by the Federal Reserve. Another stimulus could possibly be around the corner with the economy getting any worse.

Wealthy spend, jobs created