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Bloomberg: Obama Now Says Unemployment and Deficit to Be Much Worse Than Forecasted


McD5

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http://www.bloomberg.com/apps/news?pid=20601087&sid=aqee7vS3_si4

Aug. 25 (Bloomberg) -- U.S. unemployment will surge to 10 percent this year and the budget deficit will be $1.5 trillion next year, both higher than previous Obama administration forecasts because of a recession that was deeper and longer than expected, White House budget chief Peter Orszag said.

The Office of Management and Budget forecasts that the U.S. economy will shrink 2.8 percent this year, worse than the 1.2 percent contraction the OMB projected in May. For next year, the budget office said the gross domestic product will grow 2.0 percent, less than the 3.2 percent expected in May.

What a shocker! You mean a stimulus plan where Americans don't get any money, and no jobs are created isn't working?

These morons could fix the entire economy in less than 24 hours, and start a boom that would last decades.

Get money into the hands of people. Not into the hands of banks and political contributors.

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http://www.bloomberg.com/apps/news?pid=20601087&sid=aqee7vS3_si4

What a shocker! You mean a stimulus plan where Americans don't get any money, and no jobs are created isn't working?

These morons could fix the entire economy in less than 24 hours, and start a boom that would last decades.

Get money into the hands of people. Not into the hands of banks and political contributors.

If only McD5 ran the world. The US economy would be fixed overnight, there would be a huge financial boom just because he said so, and Ladell Betts would lead the Washington Redskins to four straight Super Bowl victories.

Why haven't you put your hat in the political arena yet?

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If only McD5 ran the world. The US economy would be fixed overnight, there would be a huge financial boom just because he said so, and Ladell Betts would lead the Washington Redskins to four straight Super Bowl victories.

Why haven't you put your hat in the political arena yet?

My morals are too high.

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What a shocker! You mean a stimulus plan where Americans don't get any money, and no jobs are created isn't working?

These morons could fix the entire economy in less than 24 hours, and start a boom that would last decades.

Get money into the hands of people. Not into the hands of banks and political contributors.

Are we talking about hyperinflation again?

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I was stoked.. My house was rising again.

Then i got the Alexandria homes dropped 6.5%.. WTF....... GOOOAHGHOWW$E$#& %T@43qjge.

Edit.. okay, passed out there from the stress..

So pull back the 600billion not spent PLEASE! Raise taxes to 70% for every human being in America including children.

Recycle everything, lines for bread not ipods.

and then in a dozen years of black and white film we'll be back baby.. back.

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