I am sure there will be bands, cookouts, celebrations, and parties everywhere..... except in the Gulf Region:
The oil washing up on the Gulf Coast is threatening to suffocate local businesses. As Katie Couric reports, it could be years before they find out exactly how much the spill is costing these businesses.
And I doubt there will be a lot of hiring in the new housing industry:
Sales of new homes collapsed in May, sinking 33 percent to the lowest level on record as potential buyers stopped shopping for homes once they could no longer receive government tax credits.
So much for the Recovery Summer....
....and the band played on.