Unemployment could stay high as U.S. economy slows

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  • lost in DC West Jordan, UT
    July 28, 2012 9:39 a.m.

    $2 trillion sitting on the sidelines because BO has made it unattractive to invest that money in the US.

    on a related note

    I've seen BO's campaign ads where he said Romney's proposals called for the same things that put us in the mess we're in. BO's comments show how incompetent and unqualified BO is.

    We are in the mess we are in because barney frank and slick willy corrupted a perfectly functioning secondary market for mortgage loans by forcing those who set the market (fannie and freddie) to eliminate lending standards to make homeownership more affordable. With the removal of lending standards, we got a housing bubble. When that bubble collapsed, it took our economy with it. BO has done NOTHING effective to address this problem.

    Where BO lied and shows his incompetence is saying Romney proposes the same things that caused our problems. Romney is not espousing the elimination of lending standard. BO is wrong and clearly in over his head.

  • My2Cents Taylorsville, UT
    July 28, 2012 7:49 a.m.

    Economy slows is an understatement. The economy is so upside down it make the civil war years look like we had excessive prosperity than we've had in 150 years since.

    The only difference is 1860 and 2012 is we are better at covering up corruption and lies.

    The civil war was more prosperous, we made and grew or own food, clothing, and goods for our own use. Now we can't even process a can of beans in our own country, we don't have the know how but we do have the technology to give to Mexico to do it for us. The caners are irrelevant to the economy or our GNP growth. Obama says we can't have laborers in this country, that's beneath his dignity. If he or a minority, anyone not white, have to work is unthinkable, they deserve the best of entitlements before they should be made to produce anything.

  • There You Go Again Saint George, UT
    July 27, 2012 11:05 p.m.

    Sean Hannity reported on his radio show that Mitt promised he would have the unemployment rate down to 3.6%, in 90 days (4/21/13).

    The economy is no longer losing 750,000 jobs per month as it was when President Obama took over for President Bush.

    Given that fact as well as his severe conservative credentials as an expert job creator, in addition to the fact that his donors have over $2,000,000,000,000 sitting on the sidelines just waiting to make a killing investing in an unregulated American economy Mitt promised all his donors makes 3.6% unemployment by 4/21/13, a piece-a-cake for Mitt.

    Based upon what Sean Hannity reported on his FOX News sponsored show, I think this DN artcile is way too pessimistic.