There is a fantastic article in the Wall Street Journal, Obama's Rhetoric Is the Real 'Catastrophe,' comparing our current economic situation to past downturns. The article details several major economic statistics for three time periods, the current situation, the recession of '81-'82 and the Great Depression.
This weekend, it was reported that challenges in the auto industry extend beyond domestic producers. Porsche is going to shut down production for eight days, Volkswagen is considering a three week shut down and Audi is preparing to announce a temporary shutdown. As the world economy slows, companies