Article

2012-01-31 Economy

4th quarter growth actually 0.15%, not what the Commerce department claimed

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Posted by DarthVader 2012-01-31 15:07|| || Front Page|| [2 views ] Top

#1 2012 ain't looking any better.

"The Congressional Budget Office on Tuesday predicted the deficit will rise to $1.08 trillion in 2012.

The office also projected the jobless rate would rise to 8.9 percent by the end of 2012, and to 9.2 percent in 2013.

These are much dimmer forecasts than in CBO's last report in August, when the office projected a $973 billion deficit. The report reflects weaker corporate tax revenue and the extension for two months of the payroll tax holiday."

CBO projects $1.08 trillion deficit, 8.9 percent jobless rate in 2012

Posted by Mike Ramsey 2012-01-31 18:19|| 2012-01-31 18:19|| Front Page Top

#2 It isn't a depression as long as Obama still has a job.

Posted by Anguper Hupomosing9418 2012-01-31 19:51|| 2012-01-31 19:51|| Front Page Top

#3 Remember kids, we need 5.5% growth for more than three quarters in a row in order to pull out of a recession.

Posted by newc 2012-01-31 20:20|| 2012-01-31 20:20|| Front Page Top

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