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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: puborectalis who wrote (645565)2/16/2012 1:27:38 AM
From: tejek  Read Replies (1) | Respond to of 1573922
 
Clearly, It’s Time for More Austerity

U.K. Jobless Claims Rise More Than Forecast as Cuts Bite.

Euro-Area Economy Contracts for the First Time Since 2009

Portugal’s Debt Efforts May Be Warning for Greece

Greece and the return of the economic ‘death spiral’

krugman.blogs.nytimes.com



To: puborectalis who wrote (645565)2/16/2012 2:44:29 AM
From: i-node  Read Replies (3) | Respond to of 1573922
 
>>. In 2004, George W. Bush won a narrow victory with essentially identical metrics: G.D.P. growth of 2.9 percent and an approval rating of about 48 percent on Election Day.

Well, except the 5 or 6 dollar gas and a doubling of the four year deficits and massively higher unemployment and poverty with government intervention into every aspect oF American life.

Yeah, essentially identical metrics.

You can never underestimate the idiocy Of the Voters but a landslide against Obama is highly likely.



To: puborectalis who wrote (645565)2/16/2012 7:30:24 PM
From: FJB2 Recommendations  Read Replies (3) | Respond to of 1573922
 
CBO: Longest Period of High Unemployment Since Great Depression


CBO: U.S. enduring the longest period of high unemployment since the Great Depression
By Alex M. Parker

February 16, 2012 RSS Feed Print

After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.

And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven't sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.


The CBO made its comments in a report examining the long-term effects of joblessness, and possible policy options to boost employment, including unemployment insurance reforms and job training programs. The report came at the request of Democratic Michigan Rep. Sander Levin, but Republicans quickly jumped on the chance to bash President Obama's stimulus program, which is also reaching its three-year anniversary today.

"The stimulus is a stark reminder of how the president got the policies he wanted, and how those policies have failed the American people and are making things worse," said Texas Republican Rep. Jeb Hensarling.

usnews.com