Wednesday, May 20, 2009

Further Down, Further Down... Keep Going

The Fed has revised its previous economic outlook regarding unemployment.

It was supposed to be 9.2%. But that has been revised downward to 9.6%. The Fed is still too rosy. It will easily be under 10% by the end of the year courtesy of Obamanomics. An economy doesn't grow from the "bottoms up". Faithful readers, don't say I haven't already warned you.

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