Like every program designed by Obama, he reckoned we'd all get caught in the snare of government spending and have no choice but to continue it. Even liberals saw this coming, but did nothing about it and states now have been left cleaning up another liberal mess.
Lies and deceit are easy to find. The math alone proves as much. So does the attempt to skirt German constitutional law.
Home prices will not perpetually stay levitated above wages regardless of perceived shortages. Notice I said "perceived" shortages. Housing shortages in China are a mirage just as they were in Florida, Las Vegas, Phoenix, San Diego and other places in the US.
Here’s a question: At $58 an hour, why the heck would Ford workers ever want to go on strike? That’s $121,000 per year in wages and benefits at a time when the average American worker makes $38,337. Most CEOs and small business owners make less than that.
Note that Obama projected the unemployment rate to be under 6% now according to projections of the the American Recovery and Reinvestment Act of 2009. The only reason the unemployment rate is not 11% (or higher) is because 4.5 million people dropped out of the labor force vs. expected demographic gains.
For a change, the labor force actually rose today. This is a welcome sign. However, were it not for people dropping out of the labor force for the past two years, the unemployment rate would be well over 11%.