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The unemployment rate will remain elevated for years to come, according to a forecast released Tuesday by the Federal Reserve that addresses for the first time economic conditions at the time of the next presidential election.
It paints a grim picture. Top Fed officials expect the unemployment rate to remain in the 6.8 to 7.5 percent range at the end of 2012 and said it could take "about five or six years" from now for economic activity to return to normal. The jobless rate was 10.2 percent in October.
washingtonpost.com
Shouldn't you be looking in the mirror and admitting you were wrong about the stimulus? I think you blame your own faulty opinions on everyone else but yourself.
The Stimulus did nothing.
The economy is recovering because deflation lowered prices and thus, people are taking advantage of that, and spending more. The businesses now have business to carry out.
The stimulus was pathetic. Nobody saw any effect.
The Stimulus did nothing.
The stimulus was pathetic. Nobody saw any effect.
Considering the bulk of the stimulus funds will be spent over the next two years, your evaluation is premature.
No doubt the Libbos are going to spin this by saying that if they hadn't stepped in, it would be even worse. But, if the un-employment rate isn't any better than 7.5% by 2012, PBO might as well start figureing how much furniture he wants to steal on his way out of the WH, heading back to Illinois.
People steal furniture from the WH?
Shouldn't you be looking in the mirror and admitting you were wrong about the stimulus? I think you blame your own faulty opinions on everyone else but yourself.
People steal furniture from the WH?
Yes. The Clintons stole a buncha stuff. You know Michelle isn't leaving empty handed.
No doubt the Libbos are going to spin this by saying that if they hadn't stepped in, it would be even worse. But, if the un-employment rate isn't any better than 7.5% by 2012, PBO might as well start figureing how much furniture he wants to steal on his way out of the WH, heading back to Illinois.
[racism]
He'll probably just take the VCR.
[/racism]
Noooooooo, he'll steal the curb feelers off the presidential limo...:rofl
****, it HAS those?!
Shouldn't you be looking in the mirror and admitting you were wrong about the stimulus? I think you blame your own faulty opinions on everyone else but yourself.
Considering the bulk of the stimulus funds will be spent over the next two years, your evaluation is premature.
Yes. The Clintons stole a buncha stuff. You know Michelle isn't leaving empty handed.
Former President Bill Clinton and Senator Hillary Rodham Clinton received authorization to take certain household furnishings to their new homes as gifts but will return any items that are found to be White House property, a spokesman said today.
Clintons Will Return Any Gifts Found to Belong to White House - The New York Times
It was a mistake, not stealing. The stuff taken was both on a list of gifts to the White House, and on the list of gifts to the Clintons. The mistake was remedied.
Oh yes, because it was just a mix up! Good thing we have a reliable news article to show us the light!
Even Sen Levin admitted the stimulus didn't do much on Meet the Press.Shouldn't you be looking in the mirror and admitting you were wrong about the stimulus? I think you blame your own faulty opinions on everyone else but yourself.
You have any evidence otherwise? Or just a snide comment with nothing to back it up?
Considering the bulk of the stimulus funds will be spent over the next two years, your evaluation is premature.
Even Sen Levin admitted the stimulus didn't do much on Meet the Press.
Even Sen Levin admitted the stimulus didn't do much on Meet the Press.
Actually, the stimulus is doing plenty. It is stealing lots of money from working men and women, and giving the money to corporate welfare loafers who ran their companies into the ground, and then wanted a handout so they don't have to work for a living.
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