RECESSION: IT’S A CHOICE
Economists conclude we’ll slip back into recession if we fail to pass the American Jobs Act – or avoid that if we do. Bloomberg reports the story here:
. . . A reduction in government spending, the end of the payroll-tax holiday and an expiration of extended unemployment benefits would cut GDP by 1.7 percent in 2012, according to JPMorgan Chase & Co. chief U.S. economist Michael Feroli in New York. Instead, the Obama proposal makes up for that potential loss and may add a net 0.1 percent to the economy, he estimates. . . .
. . . In the Bloomberg survey, Goldman Sachs Group Inc. estimated the plan would add 1.5 percent to the economy, while Macroeconomic Advisers LLC said 1.3 percent and UniCredit Research, up to 2 percent. . . .
☞ Hard to imagine why we’d prefer another recession – or why we wouldn’t want to fix bridges and modernize dilapidated schools. It seems to me that, whatever our political affiliation, we should be furious with any senator or member of Congress, of whatever party, who stands in the way.
THE PRESIDENT AT THE UN
Want to feel really good about America and her leadership? Find some quiet time right now, or this weekend, to watch the President’s speech to the UN. It is us at our best.
Quote of the Day
You can't have everything. Where would you put it?~Comedian Steven Wright
Request email delivery
- Nov 26:
Carl And Carlson
- Nov 24:
Since You Won’t Be Able To Talk Politics At The Table Tomorrow . . .
- Nov 23:
A Crypto Optimist and a Crypto Skeptic Walk Into a Podcast Studio
- Nov 22:
Competence And Inflation
- Nov 20:
Gloom, Doom – Clarified
- Nov 19:
In The Meantime
- Nov 17:
The Right Way To Think About What’s Going On
- Nov 15:
- Nov 12:
Save The World AND Quadruple Your Money In 20 Months
- Nov 11:
Our Broken Patent System
- Nov 26: