It is looking a lot like the Summer of George.
Posted on 08/20/2010 4:02:51 AM PDT by tobyhill
The U.S. economy faces even more difficult times ahead with chronic high unemployment rates and slow manufacturing growth hurting the recovery, Congressional Budget Office Director Douglas Elmendorf said on Thursday.
The U.S. unemployment rate will not fall to around 5.0 percent until 2014, Elmendorf wrote in his blog about CBO's new economic and budget outlook.
Without significant changes in U.S. tax and spending laws, the U.S. government will struggle to dig its way out of a fiscal deficit hole, the CBO said, and this may influence the outcome of the November 2 midterm congressional elections.
(Excerpt) Read more at msnbc.msn.com ...
This was on MSNBC?
It is looking a lot like the Summer of George.
Tell the CBO your fired.You feckless bunch of Lying Frauds. Get The Hell out of town.
You are great at telling us what we already Know before you lie and tell us the Opposite until it is to late
++++ Without significant changes in U.S. tax and spending laws, the U.S. government will struggle to dig its way out of a fiscal deficit hole ++++
Yep, that I’ll do it right there......No one exists except the govt. and that I’ll bring manufacturing right home won’t it?
LOL!
More like:
“Summer of Golf”
“Summer of the Constant Vacation”
“Summer of the Pres-Induced Trafic Jams”
“Summer of the Mafia-Resort Junket”
“Summer of the Taxpayer-Gouged Fundraisers”
“Summer of the Clarification, “Obama is not a ____”.
“Summer of the Protect-the-WH Trial”
You're not using the word "your" in proper context.
“The U.S. unemployment rate will not fall to around 5.0 percent until 2014,...”
***
None of the economic indicators will improve until we have a change in administration to one that knows a thing or two about economics and has the cajones to implement what is needed to turn our economy around.
I have read the Labor Dept. is projecting it will not fall to 5% until 2018.
Hey, don’t worry! Obama has a nifty plan! He is going to tax the FED 50 cents on every worthless dollar they print and use the money to pay down the deficit!
Isn’t that clever?
“Summer of Golf”
“Summer of the Constant Vacation”
“Summer of the Pres-Induced Trafic Jams”
“Summer of the Mafia-Resort Junket”
“Summer of the Taxpayer-Gouged Fundraisers”
“Summer of the Clarification, “Obama is not a ____”.
“Summer of the Protect-the-WH Trial”
-------------------------
"Summer of ice cream".
The Obama administration's massive stimulus spending and the Fed's near zero interest rates have had little impact. They disdain independence and seem to be trying to destroy the American work ethic replacing it with their insane dream of an entitlement mentality. And so, we're in deep, deep economic trouble.
Employment is an impediment to any good Democrat's objectives!!
A profitable business owner takes risks to hire people and start new ventures or the other way to fire everyone and retire if the circumstances are too frustrating to want to produce.
Batten down the hatches! Taxes a plenty next year.
Obama, the king and master of nothing, kills America financially and when the economy realizes some growth again, those waiting to get rehired as managers and engineers start to find they have to work two jobs as cashiers and janitors.
These liberals are going to friggin' sing and dance along, all the way, as they dance off a cliff.
Yes the one that said Obamacare would save money.
Hopefully after this election you will be forced to change your screen name to Red in Red PA.
Congressional Budget Office Director Douglas Elmendorf on cspan now
This latest pronoucement only confirmed that the Top-Up/Bottom-Down lens is being applied to all things g'mental.
Multiple by "O" and then add the needed answer (so that the dim-0-crats maintain power).
....”inherited”.....”Bush’s fault”....”unexpected”....”could have been worse”......now it’s the “Repubs fault”.... =.=
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.