the ‘summer of recovery’
Posted: 30 July 2010 02:05 PM   [ Ignore ]
DIRNSA
Avatar
RankRankRankRankRank
Total Posts:  1479
Joined  2008-09-29

is going right where BO wants it to go…

Slowing economic rebound raises unemployment fears

The recovery is losing so much momentum that employers are unlikely to step up hiring anytime this year, and unemployment could return to double digits.

That was the bleak conclusion of analysts Friday after the government said economic growth crawled at a 2.4 percent pace in the spring. It was the economy’s weakest showing in nearly a year. And many economists think growth is even slower now.

Consumers spent less, companies slowed their restocking of shelves and the nation’s trade deficit exerted a stronger drag on the economy in the April-to-June quarter.

http://finance.yahoo.com/news/Recovery-loses-speed-as-apf-2286906230.html?x=0&.v=6

They really want us to believe that they are that stupid?

Recession was deeper than gov’t previously thought
http://finance.yahoo.com/news/Recession-was-deeper-than-apf-3247751846.html?x=0&.v=3

Profile
 
 
   
 
 
‹‹ Right Wing Media      another BO lie ››