The Reason for 15 Million Unemployed: Poor Thinking at the Top

Quicklink submitted by Margaret Bassett     Permalink
Related Topic(s): ; ; ; ; , Add Tags

View Ratings | Rate It

opednews.com Headlined to H4 12/8/09

Become a Fan
  (30 fans)


At tpmcafe.talkingpointsmemo.com

Dean Baker: ...the stimulus was about $300 billion for both 2009 and 2010. The federal stimulus is also being offset by approximately $150 billion in annual budget cuts at the state and local level. This leaves a net stimulus from the government sector of around $150 billion a year. This will not offset a loss in annual demand of $1.2 trillion; it's like trying to fill a swimming pool with five buckets of water.

Read the rest of the story HERE:

At tpmcafe.talkingpointsmemo.com


 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
2 people are discussing this page, with 2 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

to any "thinking at the top."More demand has invar... by Daniel Geery on Wednesday, Dec 9, 2009 at 11:16:10 AM
also the natural marvels underneath. Then think of... by Margaret Bassett on Wednesday, Dec 9, 2009 at 12:01:00 PM