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View Diary: More than two million Americans on verge of screw job because unemployment aid not in budget deal (143 comments)

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  •  One unappreciated fallout (7+ / 0-)

    from this even will be giving the Federal Reserve cover to stop QE.
       One of their primary measurements has been the unemployment rate. If it suddenly drops they will begin tapering their purchases.

      This would lead to higher interest rates (which will snuff out the housing rebound) and falling stock prices.

     And, oh yeah, a lower GDP.

    None are so hopelessly enslaved, as those who falsely believe they are free. The truth has been kept from the depth of their minds by masters who rule them with lies. -Johann von Goethe

    by gjohnsit on Wed Dec 11, 2013 at 09:23:50 AM PST

    •  I was just going to comment... (3+ / 0-)
      Recommended by:
      gjohnsit, corvo, Eric Nelson

      ..."gjohnsit has a diary up about that."

      Then I kept reading. Good work!

      "The true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals." - Barack Obama

      by HeyMikey on Wed Dec 11, 2013 at 09:27:28 AM PST

      [ Parent ]

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