So by Piper Palin’s administration, everything should be back to normal?
Wow, that can’t be good news for Obama...
LOL..just in time!
Hate to say this, but the 2014 forecast seems pretty optimistic. I just have a hard time believing that we can have any success in the job market moving forward, as long as the government(federal, state, and local) continue to tax and regulate jobs into oblivion.
Cutting taxes attracts global investment in local jobs.
If he does an FDR and really cripples the economy he could ride this puppy for four terms. The XXII doesn’t apply to the One anointed by the LSM.
There was a massive glut built up in many of these sectors, not just US, but worldwide, on the back of easy credit, over leveraging, fake growth, and ponzi schemes.
But what really caused the credit crisis was the trillions in losses on credit derivatives (credit default swaps, etc...) by dealers like JPMorgan Chase, BofA, Goldman Sachs, and Citi. The economic fallout from these weapons of financial destruction is still occuring. The smoking crater left in the worldwide economy by these will take decades to repair. The US government under both the Bush and Obama administrations are doing everything possible to cover up the losses which is going to drag this out even longer.
I agree that it could take 5+ years for some of these sectors to repair themselves and have any type of positive job growth. In the meantime, many of the unemployed are going to face complete career changes and a 1/4 or more loss of yearly income going forward.
Not to mention how much retirement and investment savings were wiped out last year which was a real crusing blow to the US economy and confidence. I know a few people who have been unemployed for more than 6 months, their savings and unemployment benefits are tapped out, and they are now pulling money out of their already crushed 401Ks to survive.
In other words, we need to keep supporting Obama no matter what until 2014?
WOW...great news! Only 5 more years until the green shoots start popping up. Thank you Oh Gracious One. /s
Sickening lies from this administration
What, is manufacturing coming back that year? Because if not, no dice.
All Bush’s fault (Just kidding.) Make Obama own unemployment and the deficit.
I remember democrat after democrat getting on Cavuto prior to stimulus passing claiming that Obama would take responsibility if the economy didnt improve. ‘Job’s saved’ my a..