Thursday, March 18, 2010

Grasping at Straws

Who would have ever imagined the the 2008 election would have resulted in the tremendous deficit we are in today and the disastrous debt of tomorrow? Today, Obama signed another multi-million dollar bill trying to bring the economy out of the "Great Recession." This spending is going to stimulate the economy, yes, but it will also cause inflation which is not what the country needs. Oh, its just another $20,000,000 to add to the tab... Great. This bill hopes to reduce the number of unemployed workers, but I believe that once jobs start becoming available, the number of NILFs will decrease and add to that number, not the other way around. So the rate will increase and the extent of the recession will emerge. I have a feeling the number of discouraged workers is a lot higher than anyone expects. But, we'll have to wait to see if this plan will do anything for the economy.

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