The Economy is ever a wild horse that politicians mount in a risky quest for Eldorado, a focal point of presidential campaigns, and presidential Symposiums in the Texas borderlands. But more than ever, consumers are called on to prop up what many fear is an economy on its heels and reeling towards the “R” word, recession.
Call it the Tinkerbelle economy. If consumers just clap their hands, to their wallets, and make believe, and spend, that beautiful vision just might become real again. Visas and Master cards are getting a healthy workout, but there are rumblings that consumers are starting to wonder about what’s best for number one, and damn taking one more for the team.
Guests:
Alfred Kahn, professor emeritus of political economy at Cornell University
Michael Kanell, national economics reporter, The Atlanta Journal and Constitution
Christopher Carroll, professor of economics at Johns Hopkins University and an expert on consumer confidence.