So the President signed the bailout bill.  Overseas markets are going down as I write this.  And consumers are drastically slowing their spending.

When the final tally is in, consumer spending for the quarter just ended will almost certainly shrink, the first quarterly decline in nearly two decades.

That is really pretty significant.   The 1st decline in two decades.  Trade policy reform could fix this problem.  Fix it for decades to come.  By putting balance and productivity back into our economy and current accounts deficit.  CPA released a document signed by many others that has the solutions.

We have an economy that is weighted too heavily on consumer consumption without enough producer production in the mix.  We can argue, but it should be about 50/50 for production/consumption.  We have about 70% consumption, which means we consume a huge amount of imports and eschew producing things.

For some Americans, the pain is already acute: jobs disappeared at a faster clip in September. For many others, day-to-day finances are fine for now, but the financial outlook is uncertain: 401(k) accounts are dwindling, loans are hard to get and house prices continue to fall.

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