Posted on 02/13/2009 10:20:07 AM PST by Free ThinkerNY
Sen. Judd Gregg is hardly the only American to have big problems with the $800 billion stimulus package coming from President Obama and the Obamacrats on Capitol Hill. Even after a major P.R. push by the White House, including the warnings of economic catastrophe if the package didn't pass, still only 44 percent of us approve of the plan vs. 40 percent who don't, according to Rasmussen.
But now that he's reengaged as part of the loyal opposition, Gregg may yet have a chance to shape a ginormous stimulus package more to his liking. Here's why:
1) There's a good chance that the Obama administration's $800 billion stimulus package won't be its last bite at the apple. Even when the economy starts growing again, unemployment will surely continue to rise no matter how successful the stimulus. According to Team Obama's own analysis, the nation's unemployment rate should peak at about 8 percent this year before falling to 6.8 percent at the end of 2010. To put it another way, three years after the recession started, the jobless rate would still be at levels not seen since the early 1990s.
2) What's more, many private forecasts are even gloomier. Goldman Sachs now thinks unemployment will surge to 9.5 percent by the fourth quarter of 2010. "Indeed, double-digit unemployment could well be reality sometime next year," the firm's econ team said in a recent research note. Think many Americans are going to be giddy about the economy come the next midterm elections? Probably not.
(Excerpt) Read more at usnews.com ...
Obama won’t stop until we are totally communist. I used to doubt it could happen in four years, I don’t anymore.
Barack Obama grew up WASHED in communism. From his grandparents, to his mother, to his stepfather, to his mentor (Frank Marshall Davis) and on and on.
Communism used to be the boogeyman and we heaved a sigh of relief when Russia fell. But we fell asleep too soundly I guess.
well said.
The stimulus is really helping the markets. /s
Alinsky, Ayers, Khalidi, Soros...
He loves Leftist causes and the brainwashed children, via Axelrod’s media indoctrination, made Obama the “cool guy” to vote for...peer pressure and fitting in are more important to youngsters (18-25) than reality...which they really haven’t faced, for the most part.
21 was good voting age...and for landowners.
It’s strange how right on the Founding Fathers were.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.