Beet
Atlas Star
Posts: 29,014
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« on: July 31, 2009, 03:45:00 PM » |
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To be fair, Hoover wasn't trying to balance the budget until 1932. The internals do say bad-- PCE, which increased in the first quarter, sharply declined in the second quarter. If this trend continues, there is no way the recession is over. Just keep that in mind. In order for there to be a real recovery PCE must start going up.
What I'm getting from the most recent month's numbers is that corporations and Wall street are doing fine-- but Main street is not doing fine, and we know who supports who...
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