Read more: http://www.businessinsider.com/a-quick-primer-on-why-everyone-thinks-the-economy-is-headed-into-the-toilet-again-2010-7#another-huge-problem-is-the-number-of-folks-who-have-been-unemployed-for-more-than-half-a-year-it-just-keeps-going-up-2#ixzz0tTYqUg4V
I never thought the economy was headed in the right direction, ever so often you have what is it called demand for durable goods, sometimes you just have to buy a refrigerator, like now, i am going to buy a freezer next week other one broke down
melissa
I don’t recall everyone being jubilant about the economy 3 months ago.
I must have missed a memo.
The “recovery” was all artificial. Big dollars in stimulus projects that are no longer being given out. The cash for clunkers program ending. The tax rebate for home buyers ending (talk to anyone in real estate-the market has completely died as anyone who was going to buy already did so)...AND NOW HOLD ONTO YOUR HATS-750,000 temp workers for the census begin to get let go in 3 weeks.
ping
Busnisses can’t borrow because lenders are too busy loaning to the government.Every Republican running in November should feature this graph in their ads. Make this election about Pelosi/Reid the way they made the last one about Bush.:
http://www.americanthinker.com/blog/Dow%20roller%20coaster.jpg
The agenda of the obastard people is that they know their days are numbered, they aren’t going to have another chance like this for ages to come and they are wrecking as much as they can while they can to make the mess impossible to clean-up.
I looked at the 9/12 rally pictures last night...what a crowd! Didn’t have a shred of impact on the agenda. It may have shown some that they are not alone but that is about all.
Employment has been heading for the tank since Clinton made trade deals with China and Bush made them a permanent trading partner. Clinton boosted the economy with the dotcom era and Bush goosed it up with a war economy.
Perot heard the trade job sucking sound in 1992 and both parties are still deaf.
The answer is obvious. PRODUCE MORE - IMPORT LESS
Keynesian economics fails every time it is tried.
Cue the demand side economist like Krugman who will say: “I toild you we should have kept spending.”
Darned good little “summary” primer. Well done.
The reason everyone is so pessimistic again..?
Look at Obama on the oil spill cleanup.
Look at Obama on Arizona.
Look at Obama’s Donald ‘Death Panel’ Berwick recess appointment.
Look at Obama.