The Housing Industry Commercial real-estate fell 7.6% in May 2009 Both dollar volume and transaction count reached record lows The indexes are down 29%

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Presentation transcript:

The Housing Industry Commercial real-estate fell 7.6% in May 2009 Both dollar volume and transaction count reached record lows The indexes are down 29% from a year ago and 35% from Oct peak In April it dropped 8.6% This makes a two month decline of 16%

Banking Industry More banks have failed in the last couple months than in all of 2008 As of Sept banks and counting have failed

Banking Failures

Automotive Industry

Unemployment Rates form August 2008 & August Alabama 5.2%10.4% California 7.6%12.2% District of Columbia 7.2%11.1% Kentucky 6.7%11.1% Michigan 8.6%15.2% Montana 4.6%6.6%

Unemployment Rates Without Recovery act, and Projected Actual

Free Enterprise!!!!

Citations Wallstreetjournal.com Wiki.answers.com/Q/what year did general motors start Google.comCNN.comGoogleimages.comCSNBC.com gif gif