In other words he has thrown all his darts, crossed all his fingers and toes, printed all he can print, and prayed to the Moonbat Messiah.
Picture heisted from Sad Hill News.The Federal Reserve has done all it can for now to get the U.S. economy back on track. Now it's time to simply wait for it to heal.
This sounds damn familiar... "It may take some time, but we can reasonably expect to see a return to growth rates and (better) employment levels," Bernanke said. "This economic healing will take a while, and there may be setbacks along the way."
Down 80 to down 180 in a few short Minutes...The entire bunch from Barry on down are clueless...Or evil.
Hope for change...Gross domestic product growth rose at annual rate of 1.0 percent the Commerce Department said, a downward revision of its prior estimate of 1.3 percent. It also said after-tax corporate profits rose at the fastest pace in a year.
As if the 1.3% was a number to cheer!
Duh!As well as trillions in deficits for a decade... CBO also has substantially weakened its outlook for the economy compared to its January report. It now expects 2.3 percent growth in 2011 and 2.7 percent growth in 2012, compared to a January forecast of 3.1 percent growth for the year.
CBO forecasts 8.5 percent unemployment at the end of 2012, when President Obama faces reelection.
A change is needed fast, 2012 will not come soon enough.
Another record... Nearly 15% of the U.S. population relied on food stamps in May, according to the United States Department of Agriculture.
He is still only half way there... This should never happen in America!
This cannot be spun any way but depressing...
Perilously close to flat-lining?Growth in gross domestic product -- a measure of all goods and services produced within U.S. borders - rose at a 1.3 percent annual rate. First-quarter output was sharply revised down to a 0.4 percent pace from a 1.9 percent increase.
No more love for Barry?Now if he tries to use the 14th Amendment to keep spending, perhaps we can get him Impeached!Along with his sidekick Eric Holder, for something absolutely CRIMINAL!
To snow go over a new sham bill dingy Harry has put together?But Senate Majority Leader Harry Reid is devising a sham that will never pass muster in the House. A Capitol Hill source with knowledge of the plan tells me: “It includes $1.2 trillion in OCO [Overseas Contingency Operations] savings . . . which was assumed anyway, $1.2 trillion (over $1.1 trillion less than [Majority Leader Eric] Cantor identified in the Biden talks) and $300 billion in interest savings.” A Senate aide says dryly that Reid “has about a trillion in ‘savings’ from ending the war in Iraq that’s already going to end.” And a disgusted House adviser bluntly tells me that Reid’s plan “isn’t real.”
Now is the time the House needs to put some teeth into their strength. If Boehner lets any debt cap deal go until after next years election it is a huge mistake, and it appears he knows that.From the Speakers blog. White House Is Making Political Argument “Wrapped In Economic Clothing.” “Look, to my eye this has all been political. The desire to get to 2013 can get wrapped in economic clothing but it’s fundamentally a political argument. The president doesn’t want to talk about his record of debt between now and the election and everyone knows that. They had a deal. And the deal was sitting there, waiting to be taken, and at the moment when they could get the deal they pushed for more taxes, which is a political argument at the expense of less entitlement reform, which is the substantive problem.”
Obama, Reid and Pelosi own this debt. Screw em! Let him eat his own damn peas...
Mr. Shipman is a damn idiot, or a liar, or both!From Hot Air. Putting pressure on an already lousy job market, the mass layoff is making a comeback. In the past week, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts. (See:Another Retailer Bites the Dust: Borders Doomed by Amazon Deal, Davidowitz Says)
Those announcements follow 41,432 in planned cuts in June, up 11.6% from May and 5.3% vs. a year earlier, according to Challenger, Gray & Christmas.
Winning the future...
