Posted on 03/31/2011 11:14:04 AM PDT by The Magical Mischief Tour
Why aren’t Americans being told the truth about the economy? We’re heading in the direction of a double dip – but you’d never know it if you listened to the upbeat messages coming out of Wall Street and Washington.
Consumers are 70 percent of the American economy, and consumer confidence is plummeting. It’s weaker today on average than at the low point of the Great Recession.
The Reuters/University of Michigan survey shows a 10 point decline in March – the tenth largest drop on record. Part of that drop is attributable to rising fuel and food prices. A separate Conference Board’s index of consumer confidence, just released, shows consumer confidence at a five-month low — and a large part is due to expectations of fewer jobs and lower wages in the months ahead.
Pessimistic consumers don’t buy as much. And fewer sales spells big economic trouble ahead.
(Excerpt) Read more at businessinsider.com ...
“N E V E R! The egotistical leftists who head the MSN don’t have it in their DNA to turn against the left, democrats or obama.”
Hell, you can’t even to get these people to admit that by THEIR OWN STANDARDS, that they set under Bush, that Bombing Libya is illegal.
These people KNOW they are hypocrites, but they will never admit it, believing that the voters are stupid, and will go with whatever they are told on the boob tube.
Because Democrats are in power.
But I'm sure Hillary will compensate him fairly.
Reich will be disciplined. he jumped the gun by calling for the double dip now. The Republican government ‘shut down’ will be labeled the cause. Bob didn’t get the memo.
Lat time he told us the “truth” about something it did not go down very well...
Robert Reich talking about the realities of nationalized health care
http://www.youtube.com/watch?v=IT7Y0TOBuG4
If you aren’t a major player in the financial industry, you better find a way to double your income, just to break even, and that won’t last.
This is akin to Napoleon ruminating on Elba while plotting his return to power.
Robert Reich is such a character.
...more like a super slide than a double dip.
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