Off-Topic: More bad economic news

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	Name:	MartiniMan -
	Subject:	More bad economic news
	Date:	2/17/2011 5:08:50 PM

Unemployment has officially crept up over 10% (something Gallup has been saying for two months) with underemployment rising from 17% to 19%. On the inflation front there is also bad news as more and more evidence seems to point to creeping inflation. Whatever they are trying in Washington is not working which is in and of itself the problem. Job creation, other than new federal jobs (of which 200,000 have been added since Obama took office) does not occur in D.C. It occurs when businesses come to believe their long term prospects outweigh the potential risk of hiring new employees. Given that the Obama budget makes clear his intention to raise taxes on the investment class, his lack of seriousness about reducing the federal budget and that apparent willingness of Dems in the Senate to go along with him I would say optimism is waning.

FDR did the very same thing in the 1930's and those that are ignorant of history like Democrats are doomed to repeat it. Let's hope the GOP in the House can combine forces with what is left of fiscally conservative Democrats in the Senate (or even Dems that are in desperate shape for 2012) and force a budget with real reductions in spending as a first step.

Other messages in this thread:

View Entire Thread

More bad economic news - MartiniMan - 2/17/2011 5:08:50 PM

I agree with the Democrats ... - water_watcher - 2/17/2011 8:24:17 PM

Pay me now - or pay me later (Fram) - MAJ USA RET - 2/18/2011 8:24:27 AM

Interesting - architect - 2/18/2011 8:51:44 AM

So typical Archie - lamont - 2/18/2011 8:56:39 AM

So typical Archie - MAJ USA RET - 2/18/2011 9:17:00 AM

So typical Archie - MAJ USA RET - 2/18/2011 9:28:14 AM

I'm willing are you? - architect - 2/18/2011 2:45:05 PM

I'm willing are you? - MAJ USA RET - 2/18/2011 4:04:41 PM

I'm willing are you? - comrade - 2/18/2011 9:36:11 PM

I'm willing are you? - MAJ USA RET - 2/18/2011 9:56:50 PM

I'm willing are you? - comrade - 2/18/2011 10:04:49 PM

Archie. Archie, Archie..... - MartiniMan - 2/19/2011 11:40:03 AM

Yeah Marteinistein - architect - 2/19/2011 4:48:06 PM

Yeah Archiestein - MartiniMan - 2/19/2011 8:07:26 PM

Yeah Archiestein - architect - 2/20/2011 12:13:12 AM

Nice try Archiestein - MartiniMan - 2/20/2011 9:47:51 AM

MM, I'll tell it like it is - architect - 2/20/2011 9:32:40 PM

My, my, how mean spirited and childish - MartiniMan - 2/20/2011 9:56:10 PM

My, my, how mean spirited and childish - architect - 2/21/2011 8:15:43 AM

My, my, how mean spirited and childish - MartiniMan - 2/21/2011 1:33:31 PM

So typical Archie - comrade - 2/18/2011 11:15:43 AM

No Sin - MAJ USA RET - 2/18/2011 12:06:35 PM

Archie ... good news - water_watcher - 2/18/2011 5:40:51 PM

Anybody else notice - architect - 2/19/2011 9:24:51 AM

I'll answer - water_watcher - 2/19/2011 9:48:22 AM

Archie, there is no shame ... - water_watcher - 2/19/2011 9:58:46 AM

And the pump was dry - MAJ USA RET - 2/19/2011 10:23:58 AM

And the pump was dry - architect - 2/19/2011 10:34:07 AM

And the pump was dry - MAJ USA RET - 2/19/2011 10:39:14 AM

[Message deleted by author] - MAJ USA RET - 2/19/2011 10:56:11 AM

[Message deleted by author] - MAJ USA RET - 2/19/2011 10:59:41 AM

[Message deleted by author] - MAJ USA RET - 2/19/2011 11:03:53 AM

Why ... - water_watcher - 2/19/2011 11:14:07 AM

What is interesting is - water_watcher - 2/19/2011 11:16:28 AM

Whose Deficit REDUX - MAJ USA RET - 2/19/2011 11:19:49 AM

Do any of you - architect - 2/19/2011 11:28:28 AM

So you have said, Archy - MAJ USA RET - 2/19/2011 11:37:19 AM

1,2,3 - architect - 2/19/2011 4:31:21 PM

Archie ... Please answer ... - water_watcher - 2/19/2011 6:59:06 PM

Archie ... silence ... I thought so :) - water_watcher - 2/20/2011 9:13:15 AM

Answer!!!... - architect - 2/20/2011 9:44:44 PM

Answer!!!... - water_watcher - 2/20/2011 9:52:04 PM

In your dreams WW - architect - 2/21/2011 8:04:26 AM

You prove it with every post - water_watcher - 2/21/2011 11:00:46 AM

Do any of you - water_watcher - 2/19/2011 11:39:56 AM

WW - architect - 2/19/2011 4:37:27 PM

Oh, BTW WW - architect - 2/19/2011 4:41:30 PM

WW - water_watcher - 2/19/2011 7:06:07 PM

Archie ... silence ... I thought so :) - water_watcher - 2/20/2011 9:12:38 AM

Archie ... still no answer ... I thought so! - water_watcher - 2/20/2011 9:53:00 PM

Anybody else notice - MAJ USA RET - 2/19/2011 9:53:09 AM

Anybody else notice - architect - 2/19/2011 10:29:16 AM

Anybody else notice - water_watcher - 2/19/2011 11:25:43 AM

I answered your stupid question - MartiniMan - 2/19/2011 8:08:57 PM

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