Posted on 07/16/2011 4:34:46 PM PDT by george76
Last night in a new report, Democrat-friendly Goldman Sachs dropped an economic bomb on President Obama’s chances for reelection ...
" Following another week of weak economic data, we have cut our estimates for real GDP growth in the second and third quarter of 2011 to 1.5% and 2.5%, respectively, from 2% and 3.25%. Our forecasts for Q4 and 2012 are under review, but even excluding any further changes we now expect the unemployment rate to come down only modestly to 8¾% at the end of 2012...
the slowdown of recent months goes well beyond what can be explained with these temporary effects. … final demand growth has slowed to a pace that is typically only seen in recessions. .. Moreover, if the economy returns to recession—not our forecast, but clearly a possibility given the recent numbers … "
Alarms bells must be ringing all over Obamaland today
(Excerpt) Read more at blogs.reuters.com ...
Toga party!
As Maggie Thatcher liked to say, the problem with Socialism is that eventually you run out of other people’s money to spend....
Who says there will BE an election?
“Moreover, if the economy returns to recession....”
Lying bastards.
We can not return to something we never left.
Change can’t be brought about by hope.
Meanwhile, the Obama administration is busy facilitating the export of US natural resources, grains and soy beans through Goldman Sachs owned shipping terminals, and along Warren Buffet owned rail lines, to be paid for by the Chinese with cheap US dollars.
That would be an improvement, since we're now in a depression.
obama, says on drudge 80% of Americans want tax increases???????? who’s going to pay it?????
“Possible” recession? Tomorrow when the sun comes up there will be possible daylight. The Pope is possibly Catholic. Bears possibly **** in the woods! How about probable depression!
Panic? Nope, just doing what they want to do, ruin the economy and kill American exceptionalism.
excluding any further changes we now expect the unemployment rate to come down only modestly to 8¾% at the end of 2012...
Kiss of death for a sitting president.
Even this prediction is rosey.
New TV show to air soon:
This is neither recession nor a Depression.
It is the Great Oppression. It started in 2008 and Obama owns it.
The fit is about to hit the shan.
Just at the point where the first dim flicker of revival is once again about to be lit, POOOF!, somebody just blew out the Bic lighter.
Despair is when the darkest moment of life becomes a complete blackout.
Flick, flick, flick.
GS preparing for their next billion dollar Stimulus “hand-out.”
Keep on the lookout for a Wag the Dog scenario.
What do you think Libya was?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
