gut;1453590 wrote:Haha, true. Economy is actually picking up a bit - so much for the sequestration boogeyman...
And I don't think a lot of these issues are really Obama-specific. Rather I think it illustrates the size of gubmit is getting out of hand, and that powers are being abused.
Radicals scare me. Not that Obama is radical, but I think he has plenty of ultra-liberals and idealogues in his administration. And the same could be said of right-wingers. The scary thing is these extremists tend to believe their agenda is so important and so righteous that the ends justifies the means.
That's what's being highlighted here. It's not a Dem/Repub problem or issue, it's a question of liberty and governance.
The economy is
barely slugging along and that is all thanks to the FED. You're right the Sequester
headlines and Obama's stumping were worse than reality but pay no attention to his demagoguery....pay attention to what Boatshoes was saying....that the Sequester and the Tax Raises to high earners and the payroll tax raise would be a drag on the economy and result in slower growth and higher unemployment than what would have happened had they not gone into effect...not that it would be this drastic end to the world.
And, that seems correct
“The softer job market this spring is largely due to significant fiscal drag from tax increases and government spending cuts,”
said the ADP-Moody’s job data report.
“More than
half of America thinks we’re still in a recession and only 36 percent of Americans are “satisfied” or “very satisfied” with the economy.
That actually counts as good news—those results, from
a new NBC News/Wall Street Journal poll, are much better than they have been. In fact, the share happy with the economy is the highest it’s been since President Obama took office. And the share of people who think we’re still in recession—58 percent—is down 6 percentage points from December.”
Niraj Chokshi in NationalJournal.
^That counts as good news???
“The U.S. economy has continued to expand at a modest pace, supported by a resurgent housing sector and gains in manufacturing, the Federal Reserve said in a report Wednesday…The economic snapshot, based on anecdotal information gathered through late May, will be one of many reports Fed officials weigh ahead of their next policy meeting on June 18-19. Fed officials have indicated they could they could start to roll back their $85 billion-a-month stimulus program in the coming months, and
financial markets have been on edge as investors seek clues about the central bank’s next move.” Jonathan House in The Wall Street Journal.
All we have going for us is the FED...and if we're going to cut spending and raise taxes Bernanke and Co. should be doing more, not less. The second the FED signaled that they might begin to tighten stocks began to fall and bonds began to fall while the dollar was up...indicating that the market believes the FED will tighten too soon and not that the economy is improving or that the Bond Vigilantes have arrived.
Evans Rule + QE3 + No Sequester + No Tax Raises would have resulted in betters jobs and growth numbers than we have now but,
Evans Rule + QE3 is better than nothing and dampens the harm done by Sequester + Tax Raises.
The FED is our lone warrior and hopefully they communicate clearly on June 18 that they don't intend to tighten too soon.