There will have to be much more significant restraint on spending growth than we've seen over the last four or five years.
The auto numbers were looking like they might, on the receipts side, have been a bit weak for January. But what we're looking at is a bounce from a fairly weak 'ex-autos' number in December.
There's probably a lot more to any personnel matter than is ever known publicly and that's the way it should be, to protect the privacy of the individual.
I don't see any way the Fed can avoid raising rates. The Fed simply has to make it less desirable for consumers to spend.
This is temporary. Remember that it's not that long ago we were up at 6 percent. You have got an Asia crisis and it is going to create this kind of reaction, but I don't think it is sustainable.
Certainly the average Canadian will find a fair amount in the budget to cheer about.
I'm not going to sell out the people of Stony Point. I'm going to encourage the rest of the Town Board to vote against the agreement as it stands now because I believe it's unfair.