When the job losses really kick in, Jams, I don’t see any way of avoiding it. The demand will tank as people stop buying anything beyond the necessities, and the spiral will continue downward.

now there’s a question with its own answer embedded in it.

Why don’t they identify sources so readers know who has been right and who has been wrong?

Someone reported that economists at Goldman Sachs are issuing warning about the government budget slashing and the effect on the economy. When even Goldman Sachs thinks that austerity is a bad idea, why doesn’t anyone change their stance?

Faith-based economics is not going to get the country moving. Going back repeatedly to the same failed policies is not how you get the economy moving.

We need to get politicians into rehab and have them kick their Koch habit.

They can’t read, write or think.

But can they ever “figure.”

Start a movement to get rid of the ignorants.

S

Since the business sector isn’t spending, but is sitting on trillions of dollars in cash, while the government is slashing its spending, welcome to the double dip.

The only entity that can spend in this situation is the Federal government, and they are getting ready to slash spending.

– America’s Elite

Thought by whom? They need better thinkers.