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Never underestimate the Gumby! I mean, they couldn't be wrong? The economy might have been adding 1.3 million a month private sector jobs right until the moment Obama picked up the pens and signed the HCR, hence only 130K jobs since. We just might not be capable of knowing what the Gumby does. After all, "The Weakly Standard" must appeal to the best of them.
Right. It had nothing to do whatsoever with the debt ceiling. The job recovery, going just fine until May of this year, was clearly halted by the sudden, terrible passage of the Obamacare... last year?
Yeah that makes sense.
Any economic analiysis that doesn't take into consideration the recent uptick in petroleum prices, rising commodity and food prices, the Chinese goverments attempts to slow dow their economy, and the European Debt Crisis is faulty. In a global economy all these things affect different countries around the world including the United States. If you REALLY understand what is going on in this economy then you'd know that EXPORTS has driven a significant portion of whatever economic growth we've had. Any slowdown in exports is bad news for the U.S. economy.
Also if anything Health Care Reform gives companies the opportunity to shed the cost of health care or reduce it. If companies deem that paying the fines associated with dropping healthcare for their employees are actually cheaper than rising health care premimums then it actually makes financial sense to drop the health insurance.
Job creators, big investors and big companies/corporations are going to sit and do mostly nothing till Obama is out and many of his attacks on business through laws are reversed.
Why should they screw themselves trying to do business in a climate with a socialist leader who wants to undercut them at every turn for government unions?
They are taking their ball and going home till Obama is gone, then the rebuilding will start IMO.
Tons of companies are going to fold on the health insurance requirement and unless that is changed that will be the legacy attached in history to the first half-black President.
We are living in the Obama depression.
Houston's jobless rate went up to 9 percent despite the fact our state is run by the amazing Governor Perry and Austin is completely controlled by Republicans. It must be Obamacare. It just has to be. What else could cause job losses in such an amazingly well run state that is the antithesis of Obama's policies?
It was a recession that had no real break in it. Obama bought the break with the auto program at 7k a pop and other junk.
We are now moving into a depression while still printing money to cover what we can up.
We ran out of other people's money 30 years ago and this is all coming down hard now.
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