Posted on 04/12/2010 2:31:26 PM PDT by Red in Blue PA
A new survey suggests economic recovery will be fitful and somewhat uncertain into next year.
The Associated Press survey of leading economists suggests the pillars of Americans' financial security, jobs and home values, will stay shaky well into 2011.
Three-fourths of the economists say that as a result, the Federal Reserve will be forced to keep interest rates near zero until at least the final quarter of this year.
The survey finds the unemployment rate will stay stubbornly high the next two years, inching down to 8.4 percent by the end of 2011.
(Excerpt) Read more at cbsnews.com ...
Lemme guess...this “unexpected” as well....
What IS to be expected is a good ass-whupping in Nov ‘10 of all those clowns in D.C. who have caused the prolonging of this recession with their ineffective hand-outspending, explosive growth of the deficit, the H.C. bill, etc.
Banish them all.
Read your history (if you can find it) Woody Wilson, Herby Hoover and Frankie D Roosevelt...all the same tactics...all the same terrible results. Now Obama! Government is NOT the answer.
Wait until the 5-year ARMs come up next year as mortgage interest rates rise.
A new and improved housing crises approaches.
Un
President
Ed...
Remember the first President Bush, and how the Jackal Pack Media Hive took glee in calling the economic problems "The Rolling Recession" for the way it bumped and ground all over America?
Funny, how unclever they are now that their guy is in the catbird seat...
“Read your history (if you can find it) Woody Wilson, Herby Hoover and Frankie D Roosevelt...all the same tactics...all the same terrible results. Now Obama! Government is NOT the answer.”
I never knew there was a double digit unemployment rate during 1919-1921. It was also amazing to find out how much of an interventionist Hoover was. Just pathetic.
"Economic recovery will be fitful and uncertain"? You mean the media is FINALLY recognizing the elephant that not only is in the room, but standing on them? They probably just noticed the half-empty pressrooms.
Amazing /s that the bunch that was eager to call the start of the recession on Bush's watch is now EVER so ready to announce a "recovery". Looks more like 1930 to me.
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