he U.S. economy is near a double-dip recession, economist Art Laffer said Monday on CNBC.
“We’re close — the single worst recovery of all time,” he said on “The Kudlow Report.” “If the tax increases go through to 2013, I think we fall off the cliff to be very honest with you.”
Vice President Joe Biden’s former chief economist, Jared Bernstein, had said that keeping the Bush tax cuts only for the middle class would only mean higher taxes for the top 2 percent of earners.
Mike wrote: What incentive to go where the jobs are, when the state pays you enough to stay home and not work?(The states with the most "benefits," like NY, want to keep the dependent voters here) If one isn't hungry enough, he's not likely to move. Not only the work ethic, but the pioneer spirit is diminishing.
Yep. On one of his recent shows, John Stossel's staff was able to locate literally dozens of entry-level jobs in the vicinity of a big-city welfare office (might have even been in New York) right after being repeatedly told by many people in line that "there weren't any jobs anywhere". Even I have to admit that California living, climate, and overall economic expectations have spoiled me so much that I cannot imagine moving to North Dakota to get one of those many lucrative oil jobs (thankfully I don't need to--yet!), so I definitely agree about our "diminished pioneer spirit".
The cause of the near double dip recession is Obama otherwise known as Satan and all those clowns who are the Democrat politicians. Laffer is laffing all the time. That is a joke. Get it?
San Jose John wrote: If you think you're busy now, wait until all those people in China become able to purchase cars. Your company's difficulty finding enough employees makes me sad because it makes me think the cause might be the general break-down in the American work ethic and education system, causing a "famine" of qualified and skilled people to fill those jobs.
What incentive to go where the jobs are, when the state pays you enough to stay home and not work?(The states with the most "benefits," like NY, want to keep the dependent voters here) If one isn't hungry enough, he's not likely to move. Not only the work ethic, but the pioneer spirit is diminishing.
Barry from KY wrote: I am thankful, I work in the automotive industry in central Kentucky and we are busier than ever. I'm not sure who is buying all the new automobiles but we are having a hard time keeping up with production. Another thing that I find funny is, we are having trouble finding people to work. It's crazy when you hear about all the unemployment, Ky is about the same as the nation around 8% but we have trouble staffing 3 shifts. However, as I said befor, I am thankful.
If you think you're busy now, wait until all those people in China become able to purchase cars.
Your company's difficulty finding enough employees makes me sad because it makes me think the cause might be the general break-down in the American work ethic and education system, causing a "famine" of qualified and skilled people to fill those jobs.
I am thankful, I work in the automotive industry in central Kentucky and we are busier than ever. I'm not sure who is buying all the new automobiles but we are having a hard time keeping up with production. Another thing that I find funny is, we are having trouble finding people to work. It's crazy when you hear about all the unemployment, Ky is about the same as the nation around 8% but we have trouble staffing 3 shifts.
"Definition of 'Double-Dip Recession' When gross domestic product (GDP) growth slides back to negative after a quarter or two of positive growth. A double-dip recession refers to a recession followed by a short-lived recovery, followed by another recession.
The causes for a double-dip recession vary but often include a slowdown in the demand for goods and services because of layoffs and spending cutbacks from the previous downturn.
A double-dip (or even triple-dip) is a worst-case scenario. Fear that the economy will move back into a deeper and longer recession makes recovery even more difficult."
Don't we have to have a recovery before we can have another recession? Where exactly is the recovery from which we can dip into another? Housing? Manufacturing?
The only segment that has grown under the present administration is government.
COMMENTS | 
christopher000 from rhode island: "mike wrote:
'let me guess, she would also deny..."
