The 2010 Republicans added to the national debt by not paying for the payroll tax cut, they are rolling back controls on Wall Street and Morgan Stanley took a huge loss and they want to continue the Bush Tax Cuts and it is completely unrealistic. Enough. They either sign on for the President's Pro-Growth economy and stop pandering to Wall Street or leave the Capital for people that can provide it! Ideology as noted yesterday in the House with the anti-abortion bill is what the 2010 House is all about and not about the economic stability of the country. They don't deserve to be in office if all they do is oppose policies that work!
Unemployment rises to 8.2% for the first time in nine months as
jobs figures for May disappoint for the third month in a row
...Alan B Krueger, chairman of the Council of Economic Advisers, said: "Problems in the job market were long in the making and will not be solved overnight. The economy lost jobs for 25 straight months beginning in February 2008, and over 8m jobs were lost as a result of the Great Recession. We are still fighting back from the worst economic crisis since the Great Depression."...
The Eurozone needs a buffer when it comes to the USA economy and the Republicans will never provide it, they will seek to instill austerity in the USA and collapse the economy even further. Simpson-Bowles needs to be harnessed to control the deficit and national debt.
As far as the Solyndra mess, the reason Goldman Sachs and Morgan Stanley wanted that so badly is because it was a guaranteed 'hedge' against their risk and they knew it. It was fraud from the beginning from Wall Street. And don't tell me Romney didn't know exactly what Solyndra was all about when he grandstanded in California yesterday!
The eurozone's stagnant economy left 17.4 million people out of a population of some 330 million without a job, with rates continuing to climb in struggling Spain, Portugal and Greece. The EU's Eurostat office said 110,000 unemployed were added in April alone....
Eurozone unemployment stays at record 11 percent (click here)
BRUSSELS (AP) — Unemployment across the 17 countries that use the euro stuck at 11 percent in April — the highest level since the single currency was introduced back in 1999, piling further pressure on the region's leaders to switch from austerity to focus on stimulating growth.The eurozone's stagnant economy left 17.4 million people out of a population of some 330 million without a job, with rates continuing to climb in struggling Spain, Portugal and Greece. The EU's Eurostat office said 110,000 unemployed were added in April alone....
