Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend

Printer Friendly Page Save As Favorite View Favorites (# of views)   2 comments
OpEdNews Op Eds

America's Fiscal Cliff

By       Message Stephen Lendman     Permalink
      (Page 1 of 5 pages)
Related Topic(s): ; ; ; ; , Add Tags Add to My Group(s)

Must Read 1   Supported 1   Valuable 1  
View Ratings | Rate It

opednews.com

Author 194
Become a Fan
  (191 fans)

America's Fiscal Cliff


America's declining economy is getting weaker.

by Stephen Lendman

America's weak economy shows further deterioration. According to former Fed Governor Kevin Warsh, "(t)he fiscal cliff in early 2013 - when the government stimulus spending and tax relief are set to fall - is not misfortune. It is the inevitable result of policies that kick the can down the road."

In other words, chickens inevitably come home to roost. Reckless money printing, free lunch handouts to corporate favorites and rich elites, and other policies favoring super-rich Americans won't last forever. When the music stops, watch out.

The latest jobs report perhaps warns what's coming. Characterized by some as bad Friday, it was much worse than reported. It suggests trouble ahead, perhaps by late spring or summer.

The Labor Department reported 120,000 new jobs. Its web site says "The confidence level for the monthly change in total employment is on the order of plus or minus 430,000 jobs."

BLS so manipulates data, place no confidence whatever in its reports. In good times, employment growth may be understated. During Main Street Depression conditions, it's mirror opposite.

Next Page  1  |  2  |  3  |  4  |  5

 

- Advertisement -

Must Read 1   Supported 1   Valuable 1  
View Ratings | Rate It

I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon



Go To Commenting
/* The Petition Site */
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert