In Louisiana, we aren’t feeling the layoffs as much, but it’s starting to trickle down. From what I gather, 3 Circuit City Stores will be closing by Dec 1st.

People aren’t willing to spend money when they fear higher taxes (Dems tend to go for higher taxes), economic struggle and banks pulling back the reins on lending.

There’s an old saying, “It’s going to get worse before it gets better.”

I have friends considering bankruptcy because they have high credit card balances and know the interest rates are going to sky rocket. (Thankfully I’m not in that boat any longer!)