In other words he has thrown all his darts, crossed all his fingers and toes, printed all he can print, and prayed to the Moonbat Messiah.
Picture heisted from Sad Hill News.The Federal Reserve has done all it can for now to get the U.S. economy back on track. Now it's time to simply wait for it to heal.
This sounds damn familiar... "It may take some time, but we can reasonably expect to see a return to growth rates and (better) employment levels," Bernanke said. "This economic healing will take a while, and there may be setbacks along the way."
Hope for change...Gross domestic product growth rose at annual rate of 1.0 percent the Commerce Department said, a downward revision of its prior estimate of 1.3 percent. It also said after-tax corporate profits rose at the fastest pace in a year.
As if the 1.3% was a number to cheer!
Duh!As well as trillions in deficits for a decade... CBO also has substantially weakened its outlook for the economy compared to its January report. It now expects 2.3 percent growth in 2011 and 2.7 percent growth in 2012, compared to a January forecast of 3.1 percent growth for the year.
CBO forecasts 8.5 percent unemployment at the end of 2012, when President Obama faces reelection.
A change is needed fast, 2012 will not come soon enough.
Mr. Shipman is a damn idiot, or a liar, or both!From Hot Air. Putting pressure on an already lousy job market, the mass layoff is making a comeback. In the past week, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts. (See:Another Retailer Bites the Dust: Borders Doomed by Amazon Deal, Davidowitz Says)
Those announcements follow 41,432 in planned cuts in June, up 11.6% from May and 5.3% vs. a year earlier, according to Challenger, Gray & Christmas.
Winning the future...
Mr. Shipman is a damn idiot, or a liar, or both!From Hot Air. Putting pressure on an already lousy job market, the mass layoff is making a comeback. In the past week, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts. (See:Another Retailer Bites the Dust: Borders Doomed by Amazon Deal, Davidowitz Says)
Those announcements follow 41,432 in planned cuts in June, up 11.6% from May and 5.3% vs. a year earlier, according to Challenger, Gray & Christmas.
Winning the future...
Mr. Shipman is a damn idiot, or a liar, or both!From Hot Air. Putting pressure on an already lousy job market, the mass layoff is making a comeback. In the past week, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts. (See:Another Retailer Bites the Dust: Borders Doomed by Amazon Deal, Davidowitz Says)
Those announcements follow 41,432 in planned cuts in June, up 11.6% from May and 5.3% vs. a year earlier, according to Challenger, Gray & Christmas.
Winning the future...
