CBO Director Testifies to Congress: The Economy is Going To Get MUCH WORSE:
http://www.freerepublic.com/focus/f-bloggers/2440278/posts
Did you even the read the actual article, or just title? The title is very sloppily worded because the the testimony was that the BUDGET picture is going to get much worse, not overall economic health. Direct quote:
Unfortunately, CBO expects that the pace of economic recovery in the next few years will be slow.
"Economic recovery" does NOT equal "getting worse," which precious few of the Eyeores around here will admit that the GDP contraction of the recession is even over. It said "growth" will be "slow" and that the UE rate will continue to rise, EXACTLY as it did after the 1991 recession and 2001 recession. Jobs were stagnant or shedding, then hiring resumes, then previously discouraged and unemployed workers rejoin the workforce. As they eventually get hired then the UE rate FALLS.