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| Name: |
Jim Dandy
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| Subject: |
Has the Double Dip Arrived?
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Date:
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6/1/2011 3:14:41 PM
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A few headlines from today -
The Dow industrials fell more than 200 points, as economic data boosted concerns about a slowing economy
U.S. manufacturing slowed sharply in May, according to ISM data. Meanwhile, ADP said private businesses added just 38,000 jobs in May as large companies cut workers.
Home prices have sunk to 2002 levels, effectively wiping out almost a decade's worth of home equity across the U.S. and imperiling the fragile economic recovery.
And best of all -
Republican leaders said they told President Barack Obama at a White House meeting Wednesday that he needs to offer up a detailed plan to reduce the federal budget deficit, a call they said Obama rejected
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| Name: |
MartiniMan
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| Subject: |
Yes....and its gonna be bad
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Date:
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6/1/2011 9:55:24 PM
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Jimmy Carter's second term is right here before us. Whether the American people can recognize it is another matter.
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| Name: |
Barneget
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| Subject: |
Yes....and its gonna be bad
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Date:
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6/1/2011 11:22:13 PM
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This "dip" has potential to be horrible considering big gummint and big treasury have exhausted their means to stimulate. Zero interest, jacking the money supply, throwing thousands of billions up in the air for state employees and unions, etc. The dip antivenom also rests directly with this assemblage of jackasses. First, roll back every regulation, implemented by any fed agency, since January 2009. Second, void every executive order issued since the same date. Third, suspend all regulations required by ocare and dodd frank until 2016. Fourth, accelerate permitting and even loan taxpayer dollars to domestic petroleum producers. Fifth, scrutinize each free trade deal and renounce any that do not include fair trade. Sixth, extricate our troops from every conflict that does not meet the standards set out in the war powers act, including nation building or establishing democracy. Finally, turn out the lights at the NLRB. Stand before the American people in the next 30 days, teleprompter keyed up and ready with the points above, pronounce them, then do it. That is what it will take to pull us out of this quicksand. The only obstacle to a healthy recovery is government.
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