Financial Crisis

This morning the Commerce Department released their initial round of data for second quarter (Q2) GDP. Real GDP shrank at a 1.0 percent annual rate in the second quarter of this year. As a reminder, this does not mean GDP shrank 1 percent in the second quarter. It means…

In an earlier post I attempted to correct Dr. Austan Goolsbee’s incorrect and inflammatory statements about President Bush.I would like here to add my views to one additional question on the auto industry discussion on this…