Unexpected....I assume?
The other thing I worry about is if the global economy recovers, the price of oil will begin to increase again, making our recovery even more difficult. Of course, given what's going on in Europe right now, a global recovery doesn't seem all that likely either.
“The only reason the economy isn’t in a double-dip recession already is because of three temporary boosts”....
And until the double-dip in the White House is boosted....nothing will get better.
Wait, why don't you climb on Daschle's shoulders?
Stopped Clock. Who'da guessed.
that is basically the definition of a deflationary spiral. In response, they will create more money and throw it at the wrong people and the taxpayers will foot the bill. again. My opinion, gold is probably not overpriced.
Thge disaster known as Obama. The sheep who watch TV empoweer him.
President Barack Obama says the addition of 431,000 new jobs in May shows “the economy is getting stronger by the day.”
Speaking at a trucking company outside Washington, Obama embraced the Labor Department’s new employment snapshot, released Friday morning. A burst of census hiring lifted payrolls last month, and the unemployment rate dipped to 9.7 percent.
Rose colored glasses....
So the answer is to provide middle class welfare in the form of Earned Income Tax Credits and then higher taxes to punish small business owners?
It's so easy being a liberal. The answer to every problem is higher taxes and more welfare.
Mr Reich is short and to the point.
For all the jobs “added” we sure seem to stay around 450,000 weekly unemployment claims. I’d like to see IRS figures on just how many people have W-2/1099 wages reported every month. I have no doubt it continues to decline every month.
The ‘government employee’ bubble has to burst soon, and will make the subprime bubble look like mouse knuckles. Federal, State, and local governments are upside down because of declining tax receipts, high payrolls and union pensions.
...half thru the trading day and the DOW is down 240 @10013...we’ll see if it breaks below 10000 for the day...the 3-4 pm hour could be very interesting.
The urban blue zones are failing. Meanwhile out here in flyover country the corner has been turned. There is new construction both residential and commercial. Several, but not all stalled projects are restarted. Houses are selling albeit not at former rates but prices are above ‘08 levels.
I’m actually looking forward to the collapse of the government. We’ll be able to peacfully pick up the pieces.
Wow, Robert Reich said this? I wonder what Obama did to piss him off.
Job prosperity won’t return until the jobs and factories exported by both parties are restored. Tax cuts and green jobs are placebos. If American companies want to invest throughout the world to take advantage of cheaper labor and environmental standards, we have to reduce our standard of living to meet the lowest competition or tax the hell out of foreign imports so as to make them uneconomical. Yes it will raise prices. So what - people will make the money to afford. Lower prices and lower jobs is no solution.
Also with Obamacare costs, cap & trade energy costs, local & state taxes going up, the Bush tax cuts expiring...there is certainly no reason/way to hire new people. Also, the motivation to start a business, with all those things looming, is gone.