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Stimulus: More grim news — 467,000 jobs lost in June, with unemployment hitting a 26-year high of 9.5%. Some people are rightly starting to wonder: Where's that stimulus we were promised?
Here's what's happening in the mindset of people across the country;
Quote:
Why is this job decline happening? The private sector — the real engine of economic and job growth — won't hire because it's scared of what it sees coming out of Washington.
On the horizon, as far as the eye can see, are higher taxes, uncontrolled spending and layers upon layers of new regulations.
Notwithstanding its recent surge, the unemployment rate is likely to rise even further, reaching 10 per cent by the end of this year and potentially going beyond that. Indeed, the rate may not peak until 2010, in the 10.5-11 per cent range; and it will likely stay there for a while given the lacklustre shift from inventory rebuilding to consumption, investment and exports.
Obama--as well as virtually every other economist who's weighed in on the American economy--said, months ago, that things would get worse before they got better.
Nobody in their right mind expects Obama or Congress to reverse the economy in a mere few months. It took us years to get here. It will take years to recover.
Obama--as well as virtually every other economist who's weighed in on the American economy--said, months ago, that things would get worse before they got better.
Nobody in their right mind expects Obama or Congress to reverse the economy in a mere few months. It took us years to get here. It will take years to recover.
Ah, no, sorry.
Many economists came out before obama got his hands on the economy and warned his policies would only make it worse. The CBO and Blue Chip economists disagreed with his estimates based on his so-far-out-of-whack rosy scenario figures.
Every estimate he has proclaimed has been wrong - you want to know why?
It is his massive deficit spending and plans for the future that are causing it.
Tax cuts for the wealthy is the solution! I am sure McCain would have turned this around by now if he had been elected, after all, the fundamentals of our economy are strong like he said last year.
Many economists came out before obama got his hands on the economy and warned his policies would only make it worse. The CBO and Blue Chip economists disagreed with his estimates based on his so-far-out-of-whack rosy scenario figures.
Every estimate he has proclaimed has been wrong - you want to know why?
It is his massive deficit spending and plans for the future that are causing it.
Tax cuts for the wealthy is the solution! I am sure McCain would have turned this around by now if he had been elected, after all, the fundamentals of our economy are strong like he said last year.
For some reason, people with no training in economics whatsoever feel perfectly justified in their "opinions" on the economy. Especially if it offers yet another chance to trash Obama.
The lefties don't want to hear that. It doesn't allow them to play their class warfare card.
A spending freeze is exactly what should have been done - instead obama and the dems are going hog wild - more than tripling the deficit, doubling the debt, threatening individuals and business with a massive energy and HC tax.
For some reason, people with no training in economics whatsoever feel perfectly justified in their "opinions" on the economy. Especially if it offers yet another chance to trash Obama.
Conversely any Democrat with a GED now thinks they have it all figured out becuse Obama told them so.
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