Posted on 11/30/2012 1:23:52 PM PST by Berlin_Freeper
The bottom is falling out of economic forecasters’ expectations for U.S. economic growth in the final months of 2012. And if some of the more bearish estimates prove accurate, it will be the weakest rate of growth since the start of 2011.
Macroeconomic Advisers had been projecting a 1.4 percent annual rate of GDP growth in the fourth quarter. On Friday it revised that estimate down to 1.1 percent Friday morning–and then again to 0.8 percent Friday afternoon. J.P. Morgan slashed its number to 1.5 percent from 2 percent. Tom Porcelli of RBC cut his estimate all the way from 1 percent to 0.2 percent.
(Excerpt) Read more at washingtonpost.com ...
A “balanced” approach is like telling your wife she needs a part time job so you can keep making the Mercedes, yacht, BMW bike and summer home in the Keys payments.
Only a moron talks like that. They say, “we’ll give you $10 in cuts (lie) if you give us $1 in taxes (now).” How about you just cut $9 and we’ll call it even.
It’s even worse. I hear they want to “give” you T bills for the money in your 401 K at a GUARANTEED 3%. LOL. The Bernanke can’t raise interst rates until they stimulate the economy with your 401K money. LOL. Where are all those folks who claimed they wouldn’t stand for it. At least the Molon Labe crowd actually means it.
Yep. The libs have been trying this for years. I’ll shoot them first. And all of MY 401K contributions were after tax so how does it apply to me?
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