The U.S. economy is in a mess and no one in Washington seems to have a clue how to get out of it. There was a flash of good news last week, when the government reported that the gross national product grew at a 2.4% annual rate in the third quarter. But it was quickly doused by a torrent of dismal reports showing last summer's rebound to be short-lived. Sales of new homes plunged 12.9% in September despite the lowest mortgage rates in 14 years. Consumer- confidence sagged in October to levels not seen since the height of the Persian Gulf...
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