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paul3948

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    Reply By paul3948 paul3948 | 10 months ago
    Average recession in US 12-24 months, current recession is 12 months old. We may already be on our way out of this, slowly, yes but on our way back.

    Current unemployment is 3% below levels in mid-80's from which we emerged unscathed and only 2% above what is called "structural" unemployment. Housing inventory is beginning to shrink.

    Those warning of dire economy seem to have a whole lot less data than those counseling more restraint. How much of this is hype, marketing, campaigning etc and how much is real?

    Perhaps most importantly, has anyone EVER barrowed their way to prosperity? No. We need real people creating real value and real opportunity. The current proposal has NO chance of aiding that process and will likely hurt it by crowding out barrowers that can actually create long term, private sector jobs. The current plan will extend not alleviate the current problems.

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