We don't want any more "stimulus" or "bailouts!"
What part of N-O do you guys NOT UNDERSTAND?!!!!!
"US may unveil new stimulus in spring, analyst says" by Fred Pals, Bloomberg News | October 7, 2009
AMSTERDAM - The US government may announce another stimulus package in the first half of 2010 to revive economic growth and create jobs before mid-term elections, according to High Frequency Economics Ltd.
Yeah, this after the FIRST ONE was WASTED and STOLEN!
Related: Stimulus Was Stolen
Stimulating Sophistry
And I THOUGHT we were IN RECOVERY!
Why would a SECOND STIMULUS be needed, unless.... ?
“When we get into next year, which is an election year, politicians will push for another round of stimulus and that will help to support growth,’’ Ian Shepherdson, economist at the Valhalla, N.Y.-based research firm, said. “But even with that, the idea of rebounding into a normal V-shaped cyclical rebound is going to be very difficult.’’
And then SAY GOOD-BYE to your REELECTION PROSPECTS, pukes!
President Obama is considering a mix of spending programs and tax cuts to respond to widening job losses. He and his aides have forecast that employment growth will lag in an economic recovery as they try to tackle rising joblessness before midterm elections in November 2010.
The discussion of the initiatives, including a boost in transportation spending and an extension of an expiring tax credit for first-time homebuyers, comes as the White House is balancing rising concern about unemployment and a budget deficit the Congressional Budget Office estimates will total $1.6 trillion this year and $1.4 trillion in 2010.
In considering the measures, the administration must reconcile two potentially contradictory missions: combating rising unemployment through government intervention and the need to hold deficits down.
“The economy right now is probably growing at a reasonable pace, but I am very worried about the lack of underlying momentum,’’ Shepherdson said.Translation: NO JOBS!!
“The balance sheet adjustment on the part of the consumer and the financial system still has a long, long way to go.’’
Yeah, the "financial system' is RAPING and LOOTING us dry while the "consumer" EATS S***!!!!!!
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