Friday, August 27, 2010

Federal Leaders Driving America Over the Financial Cliff

The Most Fiscally Irresponsible Government in U.S. History
By Mortimer B. Zuckerman
U.S. News & World Report
August 26, 2010

There is an instinctive conclusion among the American public that President Obama's stimulus package has failed to create a sustained recovery. Unemployment has increased, not declined; consumers have retrenched; housing starts have crashed along with mortgage applications; and there is a fear that a double-dip recession may very well be in the pipeline. The public perception, reflected in Pew Research/National Journal polls, is that the measures to combat the Great Recession have mostly helped large banks and financial institutions, and that's a view common to Republicans (75 percent) and Democrats (73 percent). Only one third of either political leaning thinks government policies have done a great deal or a fair amount for the poor.
Read more . . .

Cartoon by Erin Bonsteel.

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