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(The Year 2012 In Review)
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|User Info||Employment Situation Report: December; entered at 2011-01-07 08:20:10|
Registered: 2010-10-31 US
We can argue about the success of the stimuli programs of Bush & O'Bama but what is certain is that 100% of these programs has been spent and committed as of 12/31/10. Now, there may be marginal job creation following on the commitments but not enough to matter.So if we haven't achieved escape velocity now we're going to burn & crash.|
Of course the continuation of the Bush tax cuts which have led to 8-10 of enormous deficits and a payroll tax cut are big soto vocce stimuli but only the payroll tax cuts are incremental.