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Difficult economic times ahead, CBO warns (Hey Obama, how's that "Summer Of Recovery" coming?)
MSNBC ^ | 8/19/2010 | Reuters

Posted on 08/20/2010 4:02:51 AM PDT by tobyhill

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To: tobyhill

Well then we need a massive increase in taxes and spending at all levels of government.

For the children.....(sniff)


21 posted on 08/20/2010 6:07:37 AM PDT by PogySailor (BHO - Dividing the country into tribes since 2008.)
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To: tobyhill
"...chronic high unemployment rates and slow manufacturing growth hurting the recovery..." said Congressional Budget Office Director Douglas Elmendorf.

Elmendorf may be a smart man, but his sound bit is idiotic and confuses cause and effect. The EFFECTS he listed are CAUSED by underlying horrible government policies -- giving mortgages to people who have no right owning homes, taxing the daylights out of us, laying huge new socialist burdens on the nation, massive regulation of every aspect of business, government ownership of business, etc. Unemployment rates and slow manufacturing growth is NOT hurting the economy...GOVERNMENT is strangling it.

22 posted on 08/20/2010 6:09:10 AM PDT by ProtectOurFreedom
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To: tobyhill

MSNBC reporting on tough times ahead?

What is going on here guys?

The media openly campaigned for the opportunistic evil people who caused all this mess in the first place.

How’s your advertising revenue going there PMSNBC?

I’m sure that the PMSNBC types are looking forward to being laid off and no where to go.


23 posted on 08/20/2010 6:17:01 AM PDT by Texas resident (Outlaw fisherman)
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To: tobyhill

Ever since they came up with that Summer of Recovery crap, I’ve heard this surfer music in my head every time there’s economic news:

It’s Recovery Summer!
Wah-ooooooo!
Expect the unexpected
Wah-ooooooo!

The third line changes, depending on what disaster Emperor Zero has brought us that day.


24 posted on 08/20/2010 7:09:10 AM PDT by Mr. Silverback (Anyone who says we need illegals to do the jobs Americans won't do has never watched "Dirty Jobs.")
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