US Economy Changes Spending Patterns For Majority, But Not For The Super Rich

[babsbunny]

http://www.huffingtonpost.com/2008/04/14/us-economy-changes-spendi_n_96515.html

April 14, 2008 09:24 AM


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Everyone from Alan Greenspan to Billionaire George Soros and less endowed politicians like Barack Obama and Hillary Clinton are uttering the "R" word these days. The AP has a report today on how a growing number of Americans are so affected by the economy that they "won't buy a home anytime soon." But the rich, as they say, "are not like you and me." The New York Times has a report on how the ultra-wealthy are still signing their checks away to private jets, hummers, $40K weekends in Miami, and much more. First read the excerpt below from the AP article on how people are reaction to the housing crisis. Then read about how the wealthy are still living it up.