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| Economy |
| The Budget and Economic Outlook: Fiscal Years 2011 Through 2021 |
| 2011-01-27 |
| CBO expects that production and employment will expand in the coming years but at only a moderate pace, leaving the economy well below its potential for some time. We project that real GDP will increase by about 3 percent this year and again next year, reflecting continued strong growth in business investment, improvements in both residential investment and net exports, and modest increases in consumer spending. Butwe have a long way to go on the employment front. Payroll employment, which declined by 7.3 million during the recent recession, rose by only 70,000 jobs, on net, between June 2009 and December 2010. So we spent 787 Billion for 70,000 jobs? |
| Posted by:James L. Petigru |
| #8 We're competing globally with people who are smarter, faster, and work for less. They work for less, anyway. |
| Posted by: trailing wife 2011-01-27 23:06 |
| #7 #5 One of these days, Obean and his clown advisors will figure out that government's job is just to level the playing field and get the hell out of the way. There is no level playing field. We're competing globally with people who are smarter, faster, and work for less. The New Order. Better figure that out, faster. |
| Posted by: Fire and Ice 2011-01-27 22:12 |
| #6 ..to level the playing field They exist in an environment in the accumulation of power to reward friends (UAW, GE, etc) and to punish enemies. A level playing field is the LAST thing they want. |
| Posted by: Procopius2k 2011-01-27 15:43 |
| #5 One of these days, Obean and his clown advisors will figure out that government's job is just to level the playing field and get the hell out of the way. |
| Posted by: gorb 2011-01-27 15:04 |
| #4 Bad linky and I didn't reset my cookies. |
| Posted by: Beavis 2011-01-27 13:23 |
| #3 So we spent 787 Billion for 70,000 jobs? Real jobs. I'm sure, on the other hand, patronage 'employment' saw a major spike in opportunity and exploitation particularly leading up to November 2010, followed by a significant collapse before the end of the year. |
| Posted by: Procopius2k 2011-01-27 13:07 |
| #2 "Boot Bama in 2012." Turn this ship around. |
| Posted by: JohnQC 2011-01-27 12:14 |
| #1 So we spent 787 Billion for 70,000 jobs? It would have been cheaper to just have congress meet once and take the rest of the year off. |
| Posted by: DarthVader 2011-01-27 12:13 |