Expert Talks About Economic Impact

Director of the Economic Forecasting Center at Georgia State Dr. Rajeev Dhawan talks about if there is a pattern to this economic downturn, when will it end and what does the big picture mean for you and me -- from unemployment, home sales, banking bailouts to the economy's downward trend.

What is the Economic Pattern

1. Purchasing power of the consumer declines as we lose jobs and buy less.

2. Government collects less revenue. In turn, they have less to spend on programs, which means less for us on a local level.

3. Construction industry busts

4. Small and large businesses pull back from investing, which means no expansion