Click image to biggifyWASHINGTON – The Federal Reserve expects the economy this year will sink at a slower pace than it previously thought, but that unemployment will top 10 percent, according to a forecast released Wednesday. More here:
Yes, I know what to do.
1 - Let's raise the minimum wage ... oh, wait we did that last year ... no way to know that was going to have an effect on unemployment rates ... took us by complete surprise.
2 - Let's block oil drilling and refining and transporting ... oh, wait. we've been doing that for 30 years ... no way to tell that was going to cause dislocations in the market and skyrocketing/unpredictable prices. No way to predict that skyrocketing energy prices would cause an almost complete collapse in the economy.
3 - Let's have government-run enterprises like Fannie Mae and Freddie Mac run the housing/loan industry by fiat. Yes ... we'll have them dictate terms to the free market. No way that will cause dislocations in the market and crush the economy.
4 - Let's "tax the rich" to pay for health care. No way will "the rich" pass along their increased costs to the poor ... no way in hell ... it just wouldn't be right.
5 - Let's try to tax and spend our way out of a recession. Just because it can never work doesn't mean we shouldn't try it. No way can we make it worse. No way will it cause inflation. No way will we bankrupt the nation. No way will we ever have to pay it back. No way will it make the recession worse.
Hey, the Klown has some predictions:
1 - Unemployment will top 15% before these idiots are finished.
2 - Gas will top $6 per gallon before they "drill here/drill now." And it will go over $7 per gallon before they stop letting "environmentalists" sue energy companies over every little thing.
3 - Inflation will top 10% before these idiots are finished.
Yes, I know what to do.
1 - Let's raise the minimum wage ... oh, wait we did that last year ... no way to know that was going to have an effect on unemployment rates ... took us by complete surprise.
2 - Let's block oil drilling and refining and transporting ... oh, wait. we've been doing that for 30 years ... no way to tell that was going to cause dislocations in the market and skyrocketing/unpredictable prices. No way to predict that skyrocketing energy prices would cause an almost complete collapse in the economy.
3 - Let's have government-run enterprises like Fannie Mae and Freddie Mac run the housing/loan industry by fiat. Yes ... we'll have them dictate terms to the free market. No way that will cause dislocations in the market and crush the economy.
4 - Let's "tax the rich" to pay for health care. No way will "the rich" pass along their increased costs to the poor ... no way in hell ... it just wouldn't be right.
5 - Let's try to tax and spend our way out of a recession. Just because it can never work doesn't mean we shouldn't try it. No way can we make it worse. No way will it cause inflation. No way will we bankrupt the nation. No way will we ever have to pay it back. No way will it make the recession worse.
Hey, the Klown has some predictions:
1 - Unemployment will top 15% before these idiots are finished.
2 - Gas will top $6 per gallon before they "drill here/drill now." And it will go over $7 per gallon before they stop letting "environmentalists" sue energy companies over every little thing.
3 - Inflation will top 10% before these idiots are finished.
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1 comment:
Unfortunately your 3 points are valid and it has to do with greed which is alive in well in both parties.
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