••can ye pass the acid test?••

ye who enter here be afraid, but do what ye must -- to defeat your fear ye must defy it.

& defeat it ye must, for only then can we begin to realize liberty & justice for all.

time bomb tick tock? nervous tic talk? war on war?

or just a blog crying in the wilderness, trying to make sense of it all, terror-fried by hate radio and FOX, the number of whose name is 666??? (coincidence?)

Wednesday, July 14, 2010


A survey by The Washington Post-ABC News showed 54 percent of Americans disapproved of Obama's leadership on the economy. In a CBS News poll, only 40 percent of Americans said they approved of Obama's handling of the economy.

To counter such perceptions, the administration trumpeted an analysis from the White House Council of Economic Advisers that said government funding of clean energy, economic development, construction projects and other initiatives was spurring "co-investment" by the private sector.

The report, unveiled by CEA Chairman Christina Romer and Vice President Joseph Biden, estimated that Obama's $862 billion economic stimulus package had saved or created roughly 3 million jobs, and was on track to meet its goal of 3.5 million jobs by the end of this year.

"The impact of the fiscal stimulus suggest that the (Recovery Act) has raised the level of GDP as of the second quarter of 2010, relative to what it otherwise would have been, by between 2.7 and 3.2 percent," the report said.

"Real GDP growth is expected to remain steady in the second half of 2010 and throughout 2011."

But an open letter from the Chamber of Commerce threatened to overshadow that analysis. The Chamber's letter gave Obama credit for stabilizing the economy and preventing another Great Depression.

"But once accomplished, the congressional leadership and the administration took their eyes off the ball," the letter said.

"They neglected America's number one priority -- creating the more than 20 million jobs we need over the next 10 years for those who lost their jobs, have left the job market, or were cut to part-time status -- as well as new entrants into our workforce."
maybe it's no surprise that a majority of americans don't understand economics, but the US chamber of commerce? see the entry on lagging indicators below this one, and let's hope some of the ignoramuses at the CofC start educating themselves.

then again, they likely don't care about facts but just want to destroy obama. see Carefully Crafted USCofC Effort to Undermine President Obama on tristar research’s blog less than two months into obama's term.

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