... and will likely be even more inclined to vote for Democrats as a result. Sigh.
Chris Wallace scared?
Is he not deeply in bed with Mitt Romney?
Chris Wallace is liberal flying under the radar at Fox News. The apple doesn’t fall far from the left leaning tree.
What makes him so optimistic? That would be the best case scenario.
>>if government spending isn’t meaningfully curtailed<<
Translation: Cut whole departments - Energy, Education, HHS - AND agencies - TSA, EPA, OSHA - AND policies - DeathCare, CHIP-RA, Medicaid - AND unfunded mandates - NCLB, ESL, Real ID.
How - easy, defund them. Pass a budget killing these sinkholes of OUR money and dare the Senate and 0bambi to kill it.
Why is this a ‘prediction’??
We already have unemployment in that range right now if you consider the people that would like to be employed but have quit looking.
The gov’t stats are used to make things look better than they really are. If Bush were in office the press would focus on that 17-18% number and ignore the official 9.8% statistic.
if we honestly evaluated unemployment, we are about 18% right now, unemployment doesn’t count self employed, so why is he so optimistic?? Seems to me that 25-30% unemployment and massive inflation of basic necessities is the real problem coming, and fast.
I think this is optimistic considering the unemployment rate during the Great Depression hovered around 24%. We are not facing a depression, but a hyper-inflationary recession which will be far worst. And besides, who really believes the statistics put out by the government?
If we are not already at 18% at this point in time.
The destruction of the middle class was what the Country voted for in 2008.
It is to be replaced by the slave class.
In the back of my mind are we heading back where jobs will be so scarce that our employers will go for a power grab where we are controlled so much even outside of work. Already done with drug testing.
There is an older gentleman I worked with over 12 years ago who told me about his grandparents who during the depression years scrounged enough money to go to a very nice place to eat. They were at the place and placed their order in and the grandfather’s boss came up and told him to leave or lose his job. The boss remarked that the grandfather wasn’t good enough to be there and he was beneath the type of people expected there.
Also back in the 1950’s my dad worked at a place where the draftsman and his wife both worked and they saved some money and bought a Cadillac. He drove it to work and he got called and got chewed out and was told to sell the car or else. The boss told him that only executives can drive those type of cars !
In my career, I dealt with a couple of controlling bosses. One which required permission to do every little task and then he got mad when something wasn’t done ! When I took vacation, I was required to get approval not only to take the time off but approval to leave town and had to leave contact info of where I am at and where I can be contacted. I was not in a critical position either !
Obama wants everyone equally impovershed. When everyone starves to death, there will be no income disparity. Guaranteed minimum wage will be five beans and a rancid slice of bacon. Cuba is Obama’s model.