Harry Reid: 'We are in a recovery', has Harry completely lost his mind?
Quietman ~PWCM~JLA
2013/01/31 22:24:34
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Senate Majority Leader Harry Reid (D-Nev.) on Thursday said the American economy is "in a recovery" despite the decline in the nation's gross domestic product (GDP).
Reid made the remark after Senate Minority Leader Mitch McConnell (R-Ky.) blamed the White House for the unexpected contraction in the economy.
Read more: http://thehill.com/blogs/floor-action/senate/280307-reid-we-a...
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Top Opinion
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templer003 2013/01/31 22:49:07No
+15No poor harry has not had a properly working mind for some time now, along with a back bone and a set of balls....
The more government gets involved in its citizen's lives the worse its gonna get. The government CAN"T create jobs but the layabouts dependant upon cradle to grave support just don't get it.
Only saying that your friends on Wall Street do not believe that the American economy is sinking.
http://newsjunkiepost.com/wp-...
The U.S. economy will stay on a moderate growth path next year amid lackluster consumer spending and weak business investment, according to a new survey published on Monday.
The National Association for Business Economics forecast gross domestic product would grow at an average annual rate of 2.1 percent in 2013. It predicted a 2.2 percent rate in 2012. The estimates are little changed from October's survey.
"The panelists forecast little improvement in consumption growth, significantly reduced growth in investments in nonresidential structures, equipment, and software, and reduced growth in corporate profits and industrial production," said Nayantara Hensel, chairperson of the NABE Outlook Survey.
The economy has been hit by headwinds from the European debt crisis and lately, concerns that l awmakers will fail to prevent a raft of government spending cuts and tax increases from kicking in early in 2013 and drain about $600 billion from the economy.
The survey forecast the budget deficit shrinking to $900 billion in 2013 from an estimated $1.09 trillion this year. It predicted that the debt crisis in Europe would worsen next year.
Growth in consumer spending, which accounts for about 70 percent of U.S. econo...
The U.S. economy will stay on a moderate growth path next year amid lackluster consumer spending and weak business investment, according to a new survey published on Monday.
The National Association for Business Economics forecast gross domestic product would grow at an average annual rate of 2.1 percent in 2013. It predicted a 2.2 percent rate in 2012. The estimates are little changed from October's survey.
"The panelists forecast little improvement in consumption growth, significantly reduced growth in investments in nonresidential structures, equipment, and software, and reduced growth in corporate profits and industrial production," said Nayantara Hensel, chairperson of the NABE Outlook Survey.
The economy has been hit by headwinds from the European debt crisis and lately, concerns that l awmakers will fail to prevent a raft of government spending cuts and tax increases from kicking in early in 2013 and drain about $600 billion from the economy.
The survey forecast the budget deficit shrinking to $900 billion in 2013 from an estimated $1.09 trillion this year. It predicted that the debt crisis in Europe would worsen next year.
Growth in consumer spending, which accounts for about 70 percent of U.S. economic activity, was seen averaging 2 percent in 2013, less than the 2.5 percent growth in 2011, and slightly higher than the 1.9 percent growth forecast for 2012.
But it is not all bad news for the economy.
The labor market is seen improving, with non-farm payrolls averaging 165,000 jobs per month next year. That is an improvement on the 155,000 jobs per month estimated in October.
So far in 2012, job gains have averaged 151,000 per month. The survey forecast the unemployment rate averaging 7.7 percent in 2013, down from the 7.9 percent predicted in October.
The jobless rate fell 0.2 percentage point to 7.7 percent in November, but the entire decline was because of people dropping out of the labor force.
The survey forecast that the U.S. housing market recovery will continue next year, with strong gains in residential construction
A black man (anti-Obama) has on the internet a video where he informs us that in over 50 voting precincts in Philadelphia Romney got not 1 vote! Thats unbelievible.
In Ohio Romney was close to winning when the polls were due to close at 8pm,- so they kept the polls open another 3 hours and he lost!
These so called 'volunteers' should be screened and if used then both major parties should be used and on location to keep an eye on each other.
when even in the small town I am in ..
(and the nearby BIG Cities/Towns)
3 of 4 pages of the Community News papers ..
is covered with FORECLOSURE NOTICES ..
NOTICES of Business CLOSINGS ..
Vacancies ..
TAX SALES notices ..
Bankruptcy NOTICES ..
etc?
How's that for 'recovery' ..
(seems to me .. DEPRESSION is more appropriate here as the word)
I understand section 8 pays well indeed ..
for the Politicians that OWN Those slum properties ..