"The Truth On OBAMA'S GLOOMY
Believing the U.S. economy has been recovering well since 2009 is a mistake.
In fact, this is the worst economic recovery following a recession on record!
July 17, 2012 Federal Reserve Chairman Ben Bernanke admitted that US economic data had been "disappointing" and that a future reduction in unemployment would likely prove "frustratingly slow."
Dealing a blow to Barack Obama and others hopeful for an improvement in economic news ahead of November's presidential elections, Bernanke offered a gloomy assessment of the outlook for the world's top economy.
In prepared testimony to Congress, the Fed chair forecast slower growth for this year and next, and a future replete with pitfalls both domestic and from Europe.
"Given that growth is projected to be not much above the rate needed to absorb new entrants into the labor force, the reduction in the unemployment rate seems likely to be frustratingly slow," he said in his semi-annual testimony.
July 27, 2012 - The Commerce Department reported Friday that the economy grew at the 1.5 percent rate from April to June, as Americans cut back sharply on spending. The rate matched expectations -- but expectations were low. "Today's GDP report is a troubling sign for the future of our economy, and it underscores the need to stop all of the looming tax hikes that will weaken it further," House Speaker John Boehner said.
July 17, 2012 The fiscal crisis for states will persist long after the economy rebounds as they confront rising health care costs, underfunded pensions, ignored infrastructure needs, eroding revenues and expected federal budget cuts, according to a report issued here Tuesday by a task force of respected budget experts.
July 26, 2012 — Businesses placed fewer orders for most long-lasting manufactured goods in June, suggesting many are losing confidence in the slumping U.S. economy.
The housing recovery also lost some momentum last month as fewer Americans signed contracts to buy homes. A third report Thursday showed applications for unemployment benefits plunged last week — normally a good sign. But economists quickly dismissed the decline, saying fewer temporary auto layoffs distorted the figure.
ECONOMIC RECOVERY “FALSE.” Here’s the Truth despite talk of a double-dip recession, analysts argue that we are in the same recession that began in 2008. We haven’t solved the core structural problems within the U.S. economy.
Trillions of dollars have been thrown at the economy by the government, but we are in the worst economic recovery from a recession on record; in fact it is believed we’re still in the recession!
Key indicators like GDP growth, retail sales, job numbers and consumer spending are unable to reach levels indicative of previous economic recoveries. With a high unemployment rate, personal incomes falling, too much consumer and government debt; consumer confidence is weighed down. This vicious circle results in an impaired jobs market and no consumer spending…which no amount of government spending can solve!
Believing the U.S. economy has been recovering well since 2009 is a mistake. In fact, this is the worst economic recovery following a recession on record!
The economy and stock market have been propped up over the past three years by artificially low interest rates, never-ending government borrowing, and an unprecedented expansion of our money supply (old-fashioned money printing). But the bandages are falling off. The economic recovery is faltering. A slowdown in world economic growth is about to hit the U.S.
Romney releases TV ad promising ‘A Better Day’
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Truth On The March:
MITT AND THE BRIT NEWSPIT
No Medal for the Meddling Media Anytime Soon!
"Bait And Switch on Obamacare"
"The Terrible "T Word" To Take Effect"
Federal tax payable to Obamacare.
"What We're Talkin' About"
TO THE AMERICAN PEOPLE:
"BARACK OBAMA DOESN'T CARE ABOUT YOU!!"
Grinding America Down
THE LONG-TERM PLAN OF THE LEFT
AND THE DRASTIC CHANGES
IN AMERICA’S CULTURE.
It's time to seriously support the real change that will
revive hope and suppress partisan party loyalty in voting,
in favor of loyalty to the country that loves us.
IT'S REIGNING BOYS IN THE NATION
Bragging, Bullying and Bull
THIS IS AMERICA,
"DO WE NEED A DOMINATING DICTATOR
OR A PEOPLE'S PRESIDENT?"
Searching for Employment,
Struggling at the Supermarket,
Sobbing at the Gas Pump,
Sapped Foreign Policy??
"A SIMPLE SOLUTION:
DROP THE DEMOCRATS"
.Respected Republican Congressman
Claims 78-81 Congressional
Democrats are communists.
"BEWARE OF VOTER FRAUD IN
THE USA, STEALING OUR FREEDOMS"
"THE OBAMA FED GOVT.
AND ITS WAR ON THE PUBLIC,
THE STATES AND RELIGION"
"DOING THE RIGHT THING"
"Politics..."do the American people hire their government
to go to Washington, to play constant games in
one-upmanships, or to do the right thing,
for the right reasons,
for the good of the nation and its people?
"WE KNOW WHAT WE NEED TO DO...
HOW DO WE GET THERE FROM HERE?
...News >> Click to give food.
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"GerryBlog" The Truth On OBAMA'S GLOOMY ECONOMY: FORECAST GLOOMIER (c) copyright 2012 by Gerry M. Kaye. All rights reserved.