SEARCH BLOG: ECONOMY
All of the optimistic talk about "summers of recovery" and "stimulus jobs" has pretty much disappeared. Now it's, "we got healthcare taxes implemented."
Nevertheless, President Obama remains remarkably popular among the unemployment recipients and "got me some of Obama's stash" crowd and women seem to think that he is on their side despite continued high unemployment for both men and women. It seems free condoms and birth control pills is all that it takes when all you have left to look forward to is sex... and abortion on demand when you forget to use the freebies.
There is nothing on the horizon of the Obama administration that can do anything except reduce growth. The Bush-era tax cuts will expire. The "Affordable" Care Act will create massive government deficits and suppress the growth of small businesses that are concerned about their health care costs because of the new law.
A quick look at the headlines indicate that we can't look to the rest of the world as conditions worsen generally:
- BOE Boosts Stimulus
- Eurozone rates at new record low
- China Cuts Rates in Bid to Reverse Slowdown
- Japan economy faces same risks as Europe, says Yoshihiko Noda