Posts tagged as:

economic policy

Fed Bernanke: job market still sucks, household income is flat, and Obama’s economic policies still stink

by an Unemployed White Male on February 29, 2012

in Business & Economy,Politics & Government,Recession

NEW YORK (CNNMoney) — Federal Reserve Chairman Ben Bernanke headed to Capitol Hill Wednesday to give Congress his semi-annual report on the economy, and what he had to say wasn’t exactly rosy.

The job market remains “far from normal,” household income is flat and access to credit remains too tight for many people, he said. Meanwhile, rising gas prices are likely to reduce consumer buying power and the housing market remains a drag.

Thanks to President Obama’s economic policies, happy days are here again!

Read the full article at CNNMoney.com.

Tagged as: Ben Bernanke, Chairman, economic policy, Economic recovery, Federal Reserve, household income, job market, Jobless, jobless rate, President Obama, Recession, Unemployment, US economy

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From the ‘What’s he smoking?’ department: Obama predicts 2 million more jobs to be added in 2012

by an Unemployed White Male on February 21, 2012

in Business & Economy,Politics & Government,Recession

NEW YORK (CNNMoney) — The United States economy is on the road to recovery, the White House said Friday, with stronger job growth expected this year.

But income inequality and Europe’s debt crisis could still pose challenges, according to a report released by President Obama’s Council of Economic Advisers.

Read more about this wishful thinking.

Tagged as: 2012, Barack Obama, economic policy, Economic recovery, job growth, jobs, Obama administration, President Obama, Recession, US economy, White House

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