in addition, today:
IMF Cuts 2011 U.S. Growth Forecast on Oil, JobsThe International Monetary Fund lowered its forecast for U.S. growth this year, predicting higher oil prices and the pace of job gains will restrain the recovery.
“Recovery in the labor market remains lackluster,” the IMF said in the report. “The drag on 2011 growth from oil price increases largely offsets the boost from the Federal Reserve’s unconventional policies and from stronger net exports.”
“Job creation has recently accelerated, but the pace of improvement in the labor market remains disappointing considering the size of the job losses during the decline,” the fund said in the report.
The IMF also highlighted several risks to the recovery, including a spike in oil and commodity prices that “could dampen confidence and weaken consumer spending.” The housing market, which precipitated the recession that began in December 2007 and ended in June 2009, may see home prices decline further, according to the report.
in desperate need of fiscal balance the united states has suffered a leadership void that is truly frightening
the party in power was too cowardly to produce a budget for 2011 which is how we came so embarrassingly close last week to a shutdown
reid's senate has been sitting on hr1, the gop budget, since february and has not even offered a serious counter
the president's proposal for 2012, published in february, is keynesian to the extreme, actually increasing our deficit 20% over awful 09's record
to his credit budget chair ryan has stepped forward, selflessly exposing his ribs to the lance of demagoguery and demonization
embarrassingly late on the uptake, shamed into action by the opposition, the white house dissembled YESTERDAY (plouffe on mtp, this week, sotu and fns), spontaneously sputtering it will suddenly release its OWN RYAN on wednesday
in other words, washington is finally waking up to what cuomo and moonbeam have been forced to address
finally starting to catch up to reality
the problem---barack the slasher is about the worst possible poster boy for budgetary balance
he's completely incredible, utterly unbelievable
his own base is obstinate
it's just not who these government apologists and advocates really are, it's not their character
obama's a roadblock