Thursday, February 12, 2009

No Quick End to the Recession

Duluth Economics Professor David Doorn has not seen a good solution yet to the banking crisis. He tells KLKS News, the administration certainly has not come up with a clear plan. And he says economists do not agree. Dr. Doorn says only the least insolvent banks ought to be saved.
Dr. Doorn says there is no clear path out of the recession. And, unemployment could climb to 10% nation-wide. Unemployment around the Brainerd Lakes is almost at that level.

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