Posted on 03/19/2009 1:46:02 PM PDT by kristinn
The Obama administration is privately expecting the economy to get much worse next year, contradicting rosy scenario public pronouncements from their 2010 budget and officials like White House Council of Economic Advisors chairwoman Christina Romer who was recently quoted by AFP as saying, "(by the second half of th(is) year) we're going to start seeing the job loss moderate and finally start to see GDP (gross domestic product) growing again."
The Politico, in an article published today about Barack Obama's failing communication skills, buried the dire secret predictions of the Obama administration toward the end of the article in a section explaining why Obama was not being forthright with the public about the true nature of the economy:
Before he took office, White House aides told us Obama would spend his first months telling hard truths about the complexity of the economic problems and the complexity of the solutions. There’s been very little of that. No high-profile speeches to explain in detail the banking crisis, AIG or the reasoning for every other bailout.
One reason is that White House officials aren’t anxious to explain the depths of the problems. They tell us they anticipate unemployment to exceed 10 percent next year — and the solution to AIG and the banking crisis to require many more infusions of taxpayer money, perhaps another $750 billion.
According to Bloomberg News, Obama's FY2010 budget officially projected an unemployment rate of 7.9 percent in 2010.
Unemployment levels over ten percent in the mid-term election year could spell disaster for Obama and the Democrats. No wonder Politico buried this blockbuster revelation.
Which means the U6 will likely be pushing 20%.
Money, money, money.
other than government jobs, has the bailout money saved or created any jobs??
just wondering??
Which means the U6 will likely be pushing 20%.
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Those are Depression #’s.
We’re going to wear out the printing presses at this rate.
“It’s twue, it’s twue.” (Barney, the dancing queen.)
And it’ll continue to be twue until we kick these b**tards out.
A trillion here, a trillion there. Pretty soon you’re talking about real money.........................
What a useless pack of idiots. Government produces nothing. Government burdens us all. It is our money and our country. What a pile of fetid steaming yak crap.
We should already be at bottom.... they are going to take us even lower...sheesh.
Those 20 Police Officer jobs created in Columbus are only for one year. They need to be re-upped
Uh, so what’s up with the same number over and over again? 750B here, 750B there... they can’t change it up a bit like maybe 1B here, 2B there....
Give me a “D”.....give me an “E”.......give me a “P”......give me an “R”................
[— and the solution to AIG and the banking crisis to require many more infusions of taxpayer money, perhaps another $750 billion.]
The Rats do this and they are toast in 2010. If Obama doesn’t turn the economy around, he is toast in 2012.
http://www.youtube.com/watch?v=41gr2brITLg
No one ever gets out of debt by spending MORE.
What Obama and Democrats are doing is DELIBERATE. That or they are utter and complete incompetent fools. Either way they should NOT be running things!
They’re trying to get us into a Depression.
At this rate, the United States won’t be recognizable by 2012.
Dead men standing.
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