I fully expect the media to cover the news of rising jobless claims as a disaster for Republicans -- an unexpected crisis stemming from the temper tantrum of the voters who put Republicans in charge of everything. Chickens will come home to roost while Republicans attend lavish parties, worst economy since Hoover (he was a Republican), looming decade of economic irrelevancy thanks to the Republicans, blacks and women hit hardest, blah,blah, Republican, blah.
I'm hoping that the Republicans make some early decisive moves that gives consumers the confidence to spend, and businesses the confidence to invest.
I don't see a lot of hope for the housing industry, but I think there's a lot of pent-up demand elsewhere.
The president always gets all the blame (or credit) even though it's congress actually that is more at fault since they control the purse strings.
If the economy is still in the crapper in 2012... obama is toast, no amount of blaming it on the Republican congress is going to stop his defeat.
On the other hand, if the new Republican majority congress succeeds in fixing the economy and balancing the budget... Obama will claim (and get) the credit, just like Clinton did.
You are oh so correct. I can see it coming. There are only two ways our current situation can go. One is a lot of pain as all the errors of the last decade are corrected. The other is a total collapse of the system. There is, IMHO, no middle ground.
Just paring the government down to size will be a catastrophe for a lot of people, all those who’ve latched onto the public teat or slop at the public trough. They are in no way prepared for jobs in the real world. Talk about culture shock!
In a lot of ways I sadly feel that total collapse would be a better solution than having to go through the hell of what will be inflicted on us by all those public employees who suddenly find themselves looking for work.