Wednesday, 20 March 2013
Comment censored by Huffington Post. The truth about the coming recession & the shambles of government & Federal Reserve Policies
Posted on 16:20 by Unknown
The unemployment rate is going to go UP over the next few years due the governments AND the Federal Reserve policies.
BOTH of them are DEEPENING the coming US recession which is going to start 3rd Qtr 2013 or earlier.
N.B. the February jobs report was strongly RECESSIONARY.
It showed a massive drop in total wages of about $3.5bn or a $42bn annual rate.
January also showed a massive $500bn drop in personal incomes and a rise of $18bn in personal expenses (the prices of food & gas is rising because of the current Federal Reserve policy of more printing).
The drop in personal income was exaggerated because of the last minute scaremongering shenanigans over the fiscal cliff deal.
But disposable incomes will be dropping a lot due to the massive $200bn tax hike on the middle class included in the Fiscal Cliff deal and the large rises in the price of gas.
Massive rises in the cost of healthcare are also on their way due to Obamacare.
The current policies of the government (both parties) and the Federal Reserve are EXACTLY the OPPOSITE of what is required to get growth going again.
This recession is going to be VERY deep and VERY prolonged with the policies currently adopted.
The unemployment rate will NEVER get to 6.5% or below in the next 20 years with the policies that have been adopted.
Addendum
Huffington Post guidelines state that you are not allowed to disparage public figures. (Although anyone with a Republican bent or bias seems fair game - almost anything goes in that case.)
Please state the line in this comment that disparages a public figure.
It is a purely factual comment.
Huffington Post just don't like anyone destroying Barack Obama with facts and figures.
Any comment that might do this is removed.
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