The current administration continues to cling to its rhetoric that its economic policy of spending and borrowing is just what the doctor ordered. Really?
The U.S. economic recovery will remain slow deep into next year, held back by shoppers reluctant to spend and employers hesitant to hire, according to an Associated Press survey of leading economists.
The latest quarterly AP Economy Survey shows economists have turned gloomier in the past three months. They foresee weaker growth and higher unemployment than they did before. As a result, the economists think the Federal Reserve will keep interest rates near zero until at least next spring.
Next up in the administration’s “recovery” plan: tax hikes on the very people who create jobs and account for a big chunk of consumer spending.
Fasten your seat belts.
........As you post your comment, please conform to Right Angles's simple comment policy: we welcome all perspectives, but require that comments be both civil and respectful. If you wouldn't say it to a co-worker in front of your boss, it probably is not civil and respectful. We will delete any comment that fails this test and issue a warning to the poster. A second offense will result in a ban on commenting on this site. In sum, disagreements, arguments even, are welcome; abusive behavior is not. Thanks.
You must be logged in to post a comment.
29
2010 At 10:22 pm, steveegg Said:
I’m unbuckling my seatbelt – I want to be thrown clear of this flaming wreck.