Saturday, August 25, 2012

Another week of bad economic numbers

We would rather report "good news" about the US economy.  However, we can't because this is what we are reading on the front pages:

1) The CBO is warning about how the deficits are hurting any kind of recovery:

"The CBO also notes that if Congress doesn’t figure out a way to address the impending “fiscal cliff” (budget cuts and the expiration of the Bush-era tax cuts), the U.S. will enter a double-dip recession and unemployment will jump to nine percent."  (The Blaze)

2) Incomes are dropping......did we really need a study to learn that?

3) Pres BO will add $4 trillion to our already very big debt levels.


This is a very bad of economic data.  On second thought, we've been on this ride of "bad economic news" for some time.



Listen to internet radio with Silvio Canto Jr on Blog Talk Radio

Tags: Another week of bad economic numbers  To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!
Post Link --->