The slowing economy and growing economic uncertainty means Bryant-Denny must wait longer for expansion, according to UAâ€™s president Dr. Robert Witt.
â€œIâ€™m not certain it would be wise or prudent to embark on another major fundraising campaign for athletics right now,â€ Witt said in an interview with The Tuscaloosa News today.
The economic uncertainty now is taking its toll on football fans who want tickets to Alabama games. If that doesnâ€™t bring the slump home, then nothing will.
The decision by UA means this is the perfect time to speculate about the potential for a recession.
Lawrence Kudlow, an economist and host of Kudlow & Company, attributes much of the problems to inflation spurred by a sinking dollar.
The litany of economic woes continue to mount: falling jobs, decimated housing, the subprime credit virus, record gasoline prices (almost $3.20), $107 oil, a slumping dollar, and the march toward $1000 gold. …
…Right now, a simple gold/inflation forecasting model is predicting 5.7 percent CPI this year and 7.4 percent next year. This, after 4 percent in 2007. Yikes!
The return of stagflation?
His solution is to repair the dollar, cut taxes and reform the tax code, and getting the Congress to control spending.