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The New President Will Be Left With an Economy Like No Other in Modern History

The next U.S. president will face the worst economic crisis the country has experienced since the Great Depression of the 1930s. What began with the explosion of the housing bubble has unfolded into a far-reaching global financial crisis affecting everything from banks to retail sales to the auto industry. Consumer confidence is hovering at record lows and consumer spending has declined for the first time in 17 years as Americans prepare to ride out what economists think could be the most... Full Story
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