Uh oh, President Downgrade. Fed slashes economic outlook again

[Fury]

Fed Slashes Economic Outlook, Raises Inflation And Unemployment Rate Projection


And it just gets uglier:

FED OFFICIALS SEE 2011 GDP 1.6%-1.7% VS 2.7%-2.9%
FED OFFICIALS SEE 2012 GDP 2.5%-2.9% VS 3.3%-3.7%
FED OFFICIALS SEE LONGER-RUN GDP 2.4%-2.7% VS 2.5%-2.8%
FED OFFICIALS SEE 2011 UNEMPLOYMENT 9.0%-9.1% VS 8.6%-8.9%
FED OFFICIALS SEE 2012 JOBLESS ESTIMATE 8.5%-8.7% VS 7.8%-8.2%
FED OFFICIALS SEE 2013 JOBLESS ESTIMATE 7.8%-8.2% VS 7.0%-7.5%
FED OFFICIALS SEE LONGER-RUN JOBLESS 5.2%-6.0% VS 5.2%-5.6%

Full breakdown:



http://www.zerohedge.com/news/fed-slashes-economic-outlook-raises-inflation-and-unemployment-rate-projection



What's more pathetic, our economy or the people that will still support this guy after 3 straight years of 9%+ unemployment?

[Bindare_Dundat]

Inflation? What inflation? It doesn't get any clearer you fucking guys. Who warned us? Yeah that right, the "crazy" guy. 

[JBGRAY]

And Obummer will still win reelection from the ignorant masses.....campaign coffers are loaded, media is nothing more than another pro-Obama campaign outlet, and the GOP field is comprised of losers.

The republic can survive an Obama, but it can't survive those that vote for him.

[Fury]

If unemployment stays over 9% going into the election, I don't think it matters who the GOP runs, hence why they need to use the opportunity to put someone worthwhile like Ron Paul in there. Plenty of election experts have already pointed out that it already looks to be heading for a GOP blowout regardless of who the nomination is (just looking at states that have swung hard to the right since 2008).

[JBGRAY]

If the GOP candidate can win the big swing states of Ohio and Florida, they can win.  It just looks bleak from the lack of criticism this president receives.

[Fury]

Colorado, Virginia, North Carolina, Penn, Ohio, Florida. Not a single one of them is looking good for Downgrade right now.

Of course, this can all change in a year if the economy improves. With the EU implosion looking to be on the verge of finally happening, nothing good is going to happen anytime soon.

[Soul Crusher]

It's bad enough the the piece of communist traitorous Kenyan shit has caused monetary inflation, he also directly is causing food, energy, and health inflation , etc via his disastrous policies! 

[Fury]

It's bad enough the the piece of communist traitorous Kenyan shit has caused monetary inflation, he also directly is causing food, energy, and health inflation , etc via his disastrous policies! 

Ahh, but the Downgrade regime is slick about it. Take out food and energy inflation like the BLS does and it doesn't look that bad. 

[Soul Crusher]

Ahh, but the Downgrade regime is slick about it. Take out food and energy inflation like the BLS does and it doesn't look that bad. 

This is why this Cain bs is making me crazy.    The house is literally on fire, and we are worrying about finishing the level on COD while the couch is burning, and the fire trucks are down the street. 

[Bindare_Dundat]

U.S. National Debt Exceeds Gross Domestic Product


The New American reports: A little-noticed event occurred at approximately midnight on Monday, October 31, 2011: The national debt of the United States exceeded, for the first time in history, the country’s gross domestic product. The website USDebtClock.org showed the gross domestic product crossing the $15 trillion mark for the first time on Monday, while earlier in the day the numbers from TreasuryDirect showed the total public debt outstanding at $14.993 trillion and growing by more than seven billion dollars a day

[Fury]

This is why this Cain bs is making me crazy.    The house is literally on fire, and we are worrying about finishing the level on COD while the couch is burning, and the fire trucks are down the street. 

It's not like Downgrade can run on his record. And his pathetic drones can't actually defend a single economic policy of his.

[Soul Crusher]

It's not like Downgrade can run on his record. And his pathetic drones can't actually defend a single economic policy of his.

When you look at food inflation, health care inflation, energy inflation, local tax inflation, stagnation of wages, etc, and we are discussing some comments Cain made 15 years ago?   


GMAFB!!!    we deserve collapse misery and Obama with that levels of bs. 

[Emmortal]

If unemployment stays over 9% going into the election, I don't think it matters who the GOP runs, hence why they need to use the opportunity to put someone worthwhile like Ron Paul in there. Plenty of election experts have already pointed out that it already looks to be heading for a GOP blowout regardless of who the nomination is (just looking at states that have swung hard to the right since 2008).

Ron Paul doesn't fit the status quo of what republicans want therefore he'll never stand a chance as their choice.  He pretty much goes against everything they want so why would they ever put him in the front?

The only way he ever has a chance is through the people.