"A useful starting point for assessing the damage done is a widely cited report by the consulting firm Macroeconomic Advisers, which estimated that “crisis driven” fiscal policy — which has been the norm since 2010 — has subtracted about 1 percent off the U.S. growth rate for the past three years. This implies cumulative economic losses — the value of goods and services that America could and should have produced, but didn’t — of around $700 billion. The firm also estimated that unemployment is 1.4 percentage points higher than it would have been in the absence of political confrontation, enough to imply that the unemployment rate right now would be below 6 percent instead of above 7."
"This week, we managed to avoid driving off a cliff. But we’re still on the road to nowhere."
#605003 - 10/19/1302:45 AMRe: NO !.... 24 Billion flushed.... it's MORE !!!
[Re: DLC]
steveg
Making a new reply.
Registered: 04/19/02
Posts: 27433
Loc: D'OHio
Get used to it, because it's gonna be Groundhog Day in a few months. And it will continue 'til we vote the Go Pee Tea (how's that for a rebrand?) out of this solar system.
steveg
Making a new reply.
Registered: 04/19/02
Posts: 27433
Loc: D'OHio
I'm not so sure his star will shine through more than another year. That's not to say he can't continue to cause big problems in the meantime, but I think his staying power is limited. More important, I think his usefulness will diminish soon. I think of him as a high-capacity alkaline battery in a steam-powered device.
Not so sure, yes one would expect that BUT... I think there's a chance (nothing is 100% sure any more) the moderates will also stop the crazies, not to mention the wealthy donors... the Cruz's, Palins, Bachmann's and Gohmert's are "nota gooda for a business !! Capische' ? "
I think they'll get an offer they can't refuse ! Kinda hard to run for re-erection if your crab bait in the Gulf !!
Previous Topic
Index
