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Dems will lose in 2010. (It's the economy, stupid!) By then it may be too late.
The Virginian ^
| 6/27/2009
| Moneyrunner
Posted on 06/27/2009 3:03:57 PM PDT by moneyrunner
Thanks to the latest essay by John Mauldin, a great deal of the economic future facing America is brought into focus. The Democrats in Congress face an economic catastrophe in 2010. Forget about the stimulus package being aimed at "stimulating" in 2010. Economic numbers will be grim. And there's nothing that the Congress can do about it.
Last week I detailed how air, trucking, and rail shipping is down 20% year-over-year. Global trade is down about 30% in the major exporting countries ...
Last month saw the number of unemployed rise by 345,000. What was not in the headline data was that 217,000 of those jobs were estimated from the "birth-death" ratio. ...
In other words, the Bureau of Labor Statistics (BLS) entered an estimate that 217,000 new jobs were created. Does anyone really believe that? Without that fudge factor, unemployment rose by 562,000!
In earlier recessions hiring picked up as manufacturers expanded production. In a service economy the re-hiring process is much slower. That's what happened in 1992. The nationalization of the US auto industry does not bode well for a consumer-led manufacturing recovery.
... should labor market conditions instead proceed along the path taken in the 1992 recovery, the unemployment rate could peak close to 11% in mid-2010 and remain above 9% through the end of 2011."
(Excerpt) Read more at moneyrunner.blogspot.com ...
TOPICS: Business/Economy; Politics
KEYWORDS: congress; economy; unemployment
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Team Obama, Pelosi and Reed are Mad Hatters that have seized the wheel of the ship of state and have no idea of the carnage they are unleashing on the American economy. Over the next year they are going to push and pull on economic levers and they will find them disconnected. Forget about the economy returning to normal. We are facing a New Normal and God help us because the government can't.
To: moneyrunner
Actually, they know exactly what they are doing. They are destroying the U.S.A. on purpose.
2
posted on
06/27/2009 3:05:56 PM PDT
by
MattinNJ
(And then there was one...Palin.)
To: moneyrunner
Uh...if we take back Congress with a bunch of RINOs like Crist,
Castle, Kirk, etc. then what is the point?
3
posted on
06/27/2009 3:06:56 PM PDT
by
exist
To: exist
4
posted on
06/27/2009 3:10:00 PM PDT
by
ken21
(i am not voting for a rino-progressive.)
To: exist
That’s right stay home. It’s working out so good for us now.
A bit of RINOism or full blown Marxism. You decide.
5
posted on
06/27/2009 3:13:50 PM PDT
by
avacado
To: moneyrunner
I’ve already picked out a spot where I’m going to build my hut. I’ve decided to go with the George Obama model do-it-yourself home builder’s kit. Lots of berries and bugs nearby so food won’t be a problem.
6
posted on
06/27/2009 3:15:10 PM PDT
by
FlingWingFlyer
(Hey America! How's that "hope and change" thing working out? Are you scared yet?)
To: avacado
Thats right stay home. Its working out so good for us now. A bit of RINOism or full blown Marxism. You decide. It's RINOs that led to Obama and Democrats taking Congress in the first place. When we run as and MORE IMPORTANTLY BEHAVE AS Conservatives we kick their butts.
7
posted on
06/27/2009 3:17:33 PM PDT
by
exist
To: exist
Uh...if we take back Congress with a bunch of RINOs like Crist, Castle, Kirk, etc. then what is the point? Hate them all you want, but we need every one of them to get Pelosi out of office and out of the 757 she uses to commute.
A lot of Democrats that voted for this fast track to hell are going to be out of office, replaced by conservatives and moderates who will reject the road to socialism/fascism that we are on now.
8
posted on
06/27/2009 3:20:12 PM PDT
by
moneyrunner
(I have not flattered its rank breath, nor bowed to its idolatries a patient knee.)
To: MattinNJ
Actually, they know exactly what they are doing. They are destroying the U.S.A. on purpose.And the Democrats are robbing the bank and the Republicans are driving the getaway car.
9
posted on
06/27/2009 3:22:41 PM PDT
by
BigSkyFreeper
(Stop meddling in the affairs of countries and individuals Obama!)
To: MattinNJ
10
posted on
06/27/2009 3:22:44 PM PDT
by
moneyrunner
(I have not flattered its rank breath, nor bowed to its idolatries a patient knee.)
To: moneyrunner
A lot of Democrats that voted for this fast track to hell are going to be out of office, replaced by conservatives and moderates who will reject the road to socialism/fascism that we are on now.A lot of those Democrats ran as conservatives.
11
posted on
06/27/2009 3:23:47 PM PDT
by
BigSkyFreeper
(Stop meddling in the affairs of countries and individuals Obama!)
To: moneyrunner
They are intelligent, it’s the voters that are stupid.
12
posted on
06/27/2009 3:24:29 PM PDT
by
BigSkyFreeper
(Stop meddling in the affairs of countries and individuals Obama!)
To: BigSkyFreeper
A lot of those Democrats ran as conservatives. That means they will be our allies when we are in the majority. Remember Reagan's Blue Dog Democrats?
13
posted on
06/27/2009 3:26:18 PM PDT
by
moneyrunner
(I have not flattered its rank breath, nor bowed to its idolatries a patient knee.)
To: BigSkyFreeper
They are intelligent, its the voters that are stupid. Apparently you have not read the links. HERE and HERE
I defer to you on the intelligence of the average Obama voter.
14
posted on
06/27/2009 3:29:35 PM PDT
by
moneyrunner
(I have not flattered its rank breath, nor bowed to its idolatries a patient knee.)
To: moneyrunner
A lot of Democrats that voted for this fast track to hell are going to be out of office, replaced by conservatives and moderates who will reject the road to socialism/fascism that we are on now.Really? Charlie Crist who supported the stimulus and Amnesty for illegal immigrants, and Mark Kirk and Mike Castle who voted for Cap & Trade and who may run for the Senate are going to reject the road to socialism? Are you sure?
Those guys + John McCain and Lindsey Graham? You bought David Frum's book didn't you? Tell the truth.
15
posted on
06/27/2009 3:29:40 PM PDT
by
exist
To: moneyrunner
I ain’t giving your blog hits sorry. If you can’t waste time with me, I won’t waste time with you.
16
posted on
06/27/2009 3:31:06 PM PDT
by
BigSkyFreeper
(Stop meddling in the affairs of countries and individuals Obama!)
To: exist
...Charlie Crist who supported the stimulus...So did Eric Cantor. As Mark Levin says, "We should be rejecting statism".
17
posted on
06/27/2009 3:33:55 PM PDT
by
BigSkyFreeper
(Stop meddling in the affairs of countries and individuals Obama!)
To: exist
The point?
RINO’s often tend to be RINO on different subjects and issues.
So, as long as we fight like hell in the primary, for Conservatives, the POINT after the primary is to take the leadership positions in Congress!
With a large enough majority, we will have enough conservatives to stop the bad stuff and pass some good stuff.
With Obama as POTUS, stopping the bad stuff is the most important thing we can do right now.
18
posted on
06/27/2009 3:43:24 PM PDT
by
Kansas58
To: moneyrunner
This is the best chance the Democrats have ever had to destroy the American economy, and they know they have less than 2 years to do it.
19
posted on
06/27/2009 3:45:08 PM PDT
by
3niner
(When Obama succeeds, America fails.)
To: moneyrunner
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