http://www.cnbc.com/id/38590746 I can't wait until they start defining this employment rate as "structural".
Not to be irritating, but come election time, I guarantee you all this will be portrayed as Bush's fault.
we've already seen the talking points come election time. *Saved US Auto industry *Fought off a second Great Depression *Healthcare reform *Jobs and economy are slower growth. It was worse than ANYONE ( ) could have guessed
Personally speaking, my recovery summer has been going splendidly. I've been so busy selling homes that we had to skip having a veggie garden this year.
http://www.cnbc.com/id/38600623 A Democratic Panic Attack? With the disappointingly soft jobs report for July, and a faltering recovery overall, is Team Obama getting ready for some sort of new, liberal-left, Keynesian, big-bang stimulus package? Will they be desperate to “do something”? Already there are rumors of an August surprise (to use the phrase of business columnist Jimmy Pethokoukis) where Fannie Mae and Freddie Mac forgive underwater mortgages held by millions of Americans. And with state and local government jobs having fallen 169,000 year-to-date, perhaps the Democratic Congress and the White House will seek an even bigger spending plan for teachers and Medicaid workers — on top of the $26 billion plan that just passed the Senate.
^^^ Should have forvage underwater mortgages a long time ago. http://www.washingtonexaminer.com/o...Obamanomics-has-failed-1008050-100154469.html Time to admit Obamanomics has failed It's no coincidence that Christina Romer, chairwoman of the White House Council of Economic Advisers, announced her retirement the day before Friday's brutal unemployment report. With 131,000 more jobs lost in July, and downward revisions of 97,000 for the previous two months, it's easy to see why she would start looking for the exits. Read more at the Washington Examiner: http://www.washingtonexaminer.com/o...s-failed-1008050-100154469.html#ixzz0wA1U7uyy
http://www.latimes.com/news/nationworld/nation/la-na-dems-august-20100809,0,6906697.story?track=rss Democratic candidates all but ignore their legislative successes Avoid bragging, strategists advise, and warn against putting Republicans back in charge.
Did I call it or what? http://voices.washingtonpost.com/plum-line/2010/08/the_real_reason_dems_are_tying.html
THANK GOD FOR THE FED. http://online.wsj.com/article/BT-CO-20100810-715891.html the pace of the recovery has slowed......
They're like borrowing money to pay off borrowed money. But in driving the prices of the bonds up, they're driving down the yields in the process.
Stock market drops 265 points today on fears of a "slowing recovery", possibly falling into deflation/recession. http://www.nytimes.com/2010/08/12/business/12markets.html?src=sch&pagewanted=all
That is one thing that is very frustrating about economic plans. You can not test them scientifically like we would want. You know like "Okay lets go through the same situation and use this plan and see which one works better." One thing the average republican and average democrat can agree on, is that we want the american economy for the middle class to be healthy.
