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Raees wrote: Just wait till the Tea Party starts cutting federal programs right and left and THEN see how many are unemployed.
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Raees wrote: The unemployment rate is 8% but you want to see it go way higher?
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Martin Ent Inc wrote: The well is dry.
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The federal programs you are talking about the Tea Party wanting to reduce are the very ones which sustain the ability of someone to remain unemployed for long periods of time. It's the cuts to the "discretionary" portion of the budget that threaten to light the fuse you are worried about.Raees wrote: Just wait till the Tea Party starts cutting federal programs right and left and THEN see how many are unemployed.
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It's called quantitative easing archer, and we're about to enter round 3. It is the action of the Federal Reserve, not the economy, that is responsible for the rise in the stock market. Found this article that might, in broad terms, help explain what's going on. The last paragraph of the article sums it up nicely:archer wrote: huh? when the stock market dumps like it did in 2008 and 2010, then all I hear are claims that the economy is dragging the market down.....but should it go up, and it has big time, now it's not reflective of the economy? How can that be????
The Fed has created a "false sense of security, that as bad as things get, the Fed is going to step in and make it better," Sica says. "The Federal Reserve would never expand their mandate had they not felt that the economy was very, very bad."
http://www.thedenverchannel.com/money/b ... s-soaring-
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Martin Ent Inc wrote: I know of several people......
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