Oct. 22, 2014 |
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McManus' positive spin on the US economy when comparing it to the European economies may be premature and unwarranted. Obama's stimulus did little to nothing for the economy. An unprecedented Fed monetary policy has boosted the stock market with a little trickling down to citizens. Never before has the Fed taken such extreme measures as they have since 2009. It is unsustainable and no one is quite sure of what will happen when the Fed ends their monetary policy after many years of injecting $85 billion per month into our economy. End it they must and dire consequences may be in store for our country. In the coming months it is Obama's intention to stump his economic policies and brag about how they saved us from recession. It's BS and naturally, the msm will back him.
Or you can just keep claiming it's BS with nothing but RWNJ opinion to back you up. Like as not, without the emergency actions to halt the Bush crash there would be people selling apples on street corners. The plain fact is that Europe has relied on austerity, and the results have been negative.
The Ryan-Laffer-Brownback supply side theory has resulted only in richer billionaires and few new jobs. It's about time to try emphasizing the demand side again.
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