Posted on 02/02/2012 8:43:57 PM PST by quicksilver123
The Congressional Budget Office (CBO) is out with its annual report. It’s a blockbuster. This 165 page monster is filled with dozens of charts, graphs and detailed projections. It will be talked about for weeks. The report provides a dismal outlook for the economy. Here is the CBO forecast for real GDP for 2012 and 2013:
(Excerpt) Read more at thesenewtimes.com ...
I think we have already jumped and are mid-air as we speak.
1% growth in 2013. Its just insane to even contemplate it. Isn’t that worse than Japan?
In 2013 Obamacare kicks in and the Bush Tax cuts expire.....
We’re in deep crap.
Read up on the Baltic dry index.
It looks bleak.
http://blogs.wsj.com/marketbeat/2012/02/02/baltic-drys-tumble-dims-coppers-outlook/
Unexpected!
Surprising!
Not.
Real GDP must mean the real inflation rate was considered instead of the government bovine excrement CPI. Right?
It’s OK, MIttens will strap us all on the hood for the ride!
Get the socialist ideologue out of the White House, and give people reason to feel confident about reaping the benefits of their efforts, and the economy will turn around incredibly quickly. I very much believe this.
It is NOT merely economic!
WE had better get ourselves back to God as Number 1....or reap the consequences of ignoring HIM.
Spot on. I believe it was Newt, who when asked when the economy would begin to turn around, said the evening of November 6th, 2012, when people realize Obama and his policies have been defeated.
Unfortunately not by the mainstream media. So it gets hidden in plain sight. The electorate will not know.
Unfortunately not by the mainstream media. So it gets hidden in plain sight. The electorate will not know.
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Jackwagon's backward economic policy continues to shove our economy off the cliff.
Countdown until Jackwagon leaves Office: 352 days as of February 3, 2012.
It’s OK, MIttens will strap us all on the hood for the ride!
You’re right about that.
I really don’t need the CBO to tell me that this economy is terrible. I can’t imagine that anybody else does either.
It is NOT merely economic!
WE had better get ourselves back to God as Number 1....or reap the consequences of ignoring HIM.
Exactly right!
As top bond trader Bill Gross put it, “We are seeing the end of prosperity, and the borning of austerity”.
Financial expert Mohamed El-Erian put it, the economi is “Terrifying”.
Meanwhile, President Trainwreck does not sponsor a budger, golfs, and pits American against American.
As top bond trader Bill Gross put it, “We are seeing the end of prosperity, and the borning of austerity”.
Financial expert Mohamed El-Erian put it, the economy is “Terrifying”.
Meanwhile, President Trainwreck does not sponsor a budget, golfs, and pits American against American.
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