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Feds Downgrade Economic Outlook

Mike

Well-known member
Meanwhile, the Fed prints 85$ Billion (or a little over $1 TRILLION per year) per month out of thin air and stocks jump while U.S. tanks.


WASHINGTON (AP) -- The Federal Reserve has a more downbeat outlook on the U.S. economy for 2013 and 2014 than it did three months ago.

The Fed predicts that the economy will grow just 2 percent to 2.3 percent this year, down from its previous forecast in June of 2.3 percent to 2.6 percent growth.

Next year's economic growth will be a barely healthy 3 percent, the Fed predicts.

But the Fed's policymakers expect the unemployment rate to fall to 7.1 percent to 7.3 percent by the end of 2013, slightly below its June forecast of 7.2 percent to 7.3 percent. It predicts that unemployment will fall as low as 6.4 percent next year, down from 6.5 percent in its June forecast.

The unemployment rate is now 7.3 percent.
 

Steve

Well-known member
and Obama claims to help the middle class... whose savings and assets are losing value due to his administrations policies... ,...

While demoing the rich who are getting rich off his administrations policies..

it would be comically ironic if it wasn't so evil...
 

Mike

Well-known member
Steve, Steve, Steve, you know danged well the economy isn't doing good because the rich aren't paying their fair share of taxes. Don't you?

If the rich paid what they ought to, there would be plenty to give to the working class and maybe even they wouldn't have to work........
 
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