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As spring dawns, the economy's green shoots have been trampled ~ Brown Shoots

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As spring dawns, the economy's green shoots have been trampled ~ Brown Shoots

Post by Guest on Mon Mar 21, 2011 10:06 am

You wouldn't have expected government employees to be the poster children for broad economic distress, but the effort to blame the recession and the budget crisis on nurses, teachers, cops and firefighters backfired. Regular people saw these workers as their neighbors and fellow members of a beleaguered middle class, not as their oppressors.

At some point, the Fed's natural inflation-phobia will kick in, even though higher food and energy prices have nothing to do with overheated demand (with unemployment stuck near double digits, demand is still too low, not too high.) But as in the late 1970s, stagnation could turn into stagflation. And the Republicans in Congress are compounding the crisis of prolonged recession and joblessness by slashing everything in sight -- throwing more people out of work.

http://www.huffingtonpost.com/robert-kuttner/brown-shoots_b_838176.html

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Re: As spring dawns, the economy's green shoots have been trampled ~ Brown Shoots

Post by Guest on Mon Mar 21, 2011 6:44 pm

Slashing everything in sight, no talk about job creation, not addressing the millions of unemployed...... it is going to end up worse than the "stagflation" of the 70's. At least back then, government work programs were put into place like CETA. Today, the whole issue of unemployment and inflation is totally ignored by budget cuts, tax cut for the rich and repealing health care reform!

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Re: As spring dawns, the economy's green shoots have been trampled ~ Brown Shoots

Post by mistermunster on Mon Mar 21, 2011 7:20 pm

yup, that whole Destroy a nation to win an election battle plan is working wonders with the GOPers.

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Re: As spring dawns, the economy's green shoots have been trampled ~ Brown Shoots

Post by Jobless_in_Ma on Mon Mar 21, 2011 7:25 pm

Ultimately I feel they will be exposed for what their policies or lack there of have done to the Us economy in 2012.

You can only pull the wool over voters eyes so many times.. I hope....

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Re: As spring dawns, the economy's green shoots have been trampled ~ Brown Shoots

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