If you’re interested in keeping up with details about the economy but don’t have the time or interest — or the stomach — to follow daily developments, then you might want to make a point of reading Bill McBride’s weekly summaries that appear every Saturday on his blog Calculated Risk.
Federal, state, and local government revenues meanwhile slipped from 28.6 percent of GDP in 1980 to 26.9 percent in 2010. Again, the recession is in part to blame for the recent decline in tax revenues, and Obama’s original stimulus and followup steps to goose the economy have also involved hefty tax cuts.
I write a lot about Savannah’s retail landscape, but I’m not much of a shopper. My last batch of shirts — both casual and “work” — came from Goodwill. Last week, I needed some new shoes; I bought three pair at Payless in 15 minutes for $37.
I’d never dream of going out super-early on the Friday after Thanksgiving to buy anything, but I get it — some of those markdowns on major items can make a huge difference for many Americans.