ABC NEWS' Stephanopoulous:
The President's top economic advisor, Larry Summers, told me that "by spring employment growth will start turning positive."
During my "This Week" interview, Summers said that "everybody agrees that the recession is over," but he did not say when the unemployment rate could be expected to drop further.
The unemployment rate dipped last month to 10 percent from a peak of 10.2 percent. Many private economists, like Moody's Mark Zandi, predict unemployment will climb through the third quarter of next year to 10.6 percent.
As a small businessman, I can assure Larry, that my clients and I see NOTHING which indicates that the recession is over (a frequent discussion), or is lessening, let alone at a point where businessmen would consider cash outlays for new hires. It is not getting worse is something which might be said. But it could hardly do so. What is below this point is indescribable.
Who are these people and who is feeding them such utter crap? These people have no contact with objective reality any more.
They are responsible for Sarah Palin's rising popularity. When the elite and erudite history and political professors consider the horror of Mrs Palin they should be considering not her but her raison d'etre.
4 comments:
I've seen no let-up in the recession here in Northern Virginia with my small business.
I'm sick of the line of crap the media are feeding us on this topic. It was all over this morning's local news here. Lies, lies, and more lies.
I own my own business and I have been skirting the edge for several months now. nothing has changed.
and infact another business owner I do work with hasnt had his phone ring in a week. he may have to lay off some of his staff. and he is terribly worried.
So when can I expect to get back to work???
MR,
Who needs to work when you can get food stamps?
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