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howard194 Wrote: Jun 23, 2012 4:54 PM
EXACTLY what i've always thought... we were just fed positive economic rhetoric as the economy limped along... and the knew it.
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James92 Wrote: Jun 24, 2012 8:44 AM
The MSM Propaganda Ministry succedded in "talking down" the U.S. economy during the later Bush years but they are not succeding in "talking it up" in the Obama mess. No jobs, no houses bought, no jobs, less spending. Less spending, less reason for companies to hire. The circle goes round and round! Over regulation and the scare of Obamacare only make things worse. Not good!!
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The President wants us to believe that the private sector economy is "doing fine" but the economic numbers from his own Labor Department tell a different story.
As the following chart courtesy of the Wall Street Journal indicates, new hires in the private sector are still woefully short of pre-recession levels. Far from "fine" and a healthy recovery, the data increasing raises concern about falling backward into a double dip recession.
As the WSJ reports:
"When the U.S. economy began to strengthen earlier this year, companies cut back on...
Not so Fine