Off-Topic: CBO on Unemployment

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	Name:	water_watcher -
	Subject:	CBO on Unemployment
	Date:	8/25/2011 5:16:35 PM

I saw last evening on the news that the CBO came out with their projection based on current economic policy and that they did not project unemployment breaking 8% until mid 2014. They had it at 8.7% as of November 2012.

Who knows if they will be right ... but the take away is that there is nothing going on with current policy that is working to stimulate the economy and get businesses to create jobs. They blew their wad with the $800 billion give away that provided a short term boost, but there was so many negative policy changes and new regulation that stopped any momentum ... including banking, obamacare, epa, suing Boing, drilling ban, etc, etc, etc

It is so sad ... I feel bad for the people that bought the snake oil sales pitch.

Other messages in this thread:

View Entire Thread

Jobless claims at 417,000 - MartiniMan - 8/25/2011 8:54:27 AM

Jobless claims at 417,000 - Talullahhound - 8/25/2011 2:15:14 PM

Jobless claims at 417,000 - MartiniMan - 8/25/2011 3:54:24 PM

CBO on Unemployment - water_watcher - 8/25/2011 5:16:35 PM

couple of thoughts or perhaps more - Barneget - 8/25/2011 7:33:50 PM

CBO on Unemployment - au67 - 8/25/2011 7:43:39 PM

CBO on Unemployment - Barneget - 8/25/2011 7:51:43 PM

CBO on Unemployment - au67 - 8/25/2011 8:57:48 PM

I get your point - water_watcher - 8/26/2011 7:02:51 AM

I get your point - Barneget - 8/26/2011 8:21:53 AM

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