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What will we do with all of these Keynesian "economics" potion recipe books?
Maybe Krugman wants to be the next Harry Potter? (BTW, anyone who has a good image with Krugman's face in a Harry Potter pose, I would greatly appreciate it ).
I sure hope republicans get back into office and fix these issues with their great ideas on fixing the economy lol
Lets see they would recommend????????? tax cuts
Obama is doing what the republicans want. To further destroy the middle class so why arent you guys happy?
Huh??? What are you smokin'? It's the Democrats that want to destroy the "middle class" there plan is two classes....Them, the rulers, and US the serfs.
Huh??? What are you smokin'? It's the Democrats that want to destroy the "middle class" there plan is two classes....Them, the rulers, and US the serfs.
Huh??? What are you smokin'? It's the Democrats that want to destroy the "middle class" there plan is two classes....Them, the rulers, and US the serfs.
Quote:
Originally Posted by RobertGibbs
you got that right.
Who is this Them, and who is this Us?
If anything, they want Americans as the rulers and the immigrants as the Serfs, as they are the ones who are so pro-immigration, right?
Oh yes, some one declares it on a blog and it's utterly true. The Bloomberg article it references says nothing about anyone acknowledging anything's failure, (the word is never used in the article) instead it states:
U.S. unemployment will surge to 10 percent this year and the budget deficit will be $1.5 trillion next year, both higher than previous Obama administration forecasts because of a recession that was deeper and longer than expected, White House budget chief Peter Orszag said
The Office of Management and Budget forecasts a weaker economic recovery than it saw in May as the gross domestic product shrinks 2.8 percent this year before expanding 2 percent next year, according to the administration’s mid-year economic review issued today. The Congressional Budget Office, in a separate assessment, forecast the economy will grow 2.8 percent next year. Both see the GDP expanding 3.8 percent in 2011.
“While the danger of the economy immediately falling into a deep recession has receded, the American economy is still in the midst of a serious economic downturn,” the White House report said. “The long-term deficit outlook remains daunting.”
The outlook for the 2009 fiscal year is slightly better than the previous forecast. The government’s shortfall will peak this year at $1.58 trillion before narrowing over the next decade. That is less than the $1.84 trillion projected in May because budget officials were able to delete hundreds of billions of dollars that had been set aside for bank bailouts.
“The Obama White House deserves some credit for managing the financial situation so that the additional bailout wasn’t necessary,” said Stan Collender, a former budget analyst for the House and Senate budget committees.
funny you pukes didn't care about the deficit prior to Obama! You handed him a $1.3 trillion dollar deficit and kept the true cost of the Wars in Afghanistan & Iraq off the books.
Obama included them in his budget and you can add another $1 trillion to the deficit.
Oh did I mention we are still operating under Bush's budget until fiscal 2010? Which happens to start on October 1st,2009?
Consumer Confidence is up from 47% to 54%
Stock Market is up
Housing prices are up
New Home sales are up
Existing Home sales are up
Inventories are declining
Cash for Clunkers was a success selling 700,000 cars in less than a month
Unemployment claims fell this week by 54,000
funny you pukes didn't care about the deficit prior to Obama! You handed him a $1.3 trillion dollar deficit and kept the true cost of the Wars in Afghanistan & Iraq off the books.
Obama included them in his budget and you can add another $1 trillion to the deficit.
Oh did I mention we are still operating under Bush's budget until fiscal 2010? Which happens to start on October 1st,2009?
Consumer Confidence is up from 47% to 54%
Stock Market is up
Housing prices are up
New Home sales are up
Existing Home sales are up
Inventories are declining
Cash for Clunkers was a success selling 700,000 cars in less than a month
Unemployment claims fell this week by 54,000
yep Obama has failed! at least for the haters!
And it's a nice, sunny day in Las Vegas today. Thank you, Mr. President!
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