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View Diary: Mission accomplished: Tea party Republicans took the economy hostage and killed job growth (186 comments)

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  •  Correct. (0+ / 0-)

    This has nothing to do with Democratic or Republican negotiations. The spending cuts were delayed till after 2012. It's nice imaging and spin, but economically speaking, most likely, the stimulus has worn off in a sense.

    The funny thing is, the Federal Reserve has more power over the economy than the Congress of the United States, in some key contexts.

    I should point out we're not in a recession - just very sluggish growth that is projected by the CBO to bring unemployment down to around 8.5% by Election Day 2012.

    The best way to recovery is to hope that enough people retire in some comfort to allow the younger generation to be employed. In a nutshell, you have to hope the markets are steady enough and grow enough to allow retirements to occur. (That was kind of a jumbled thought but you get what I'm trying to say).

    Been reading Daily Kos since 2003. Pleased to meet you.

    by TheModerateAmerican on Fri Sep 02, 2011 at 11:42:33 AM PDT

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