Tuesday, April 26, 2011

The only thing that can hurt the economic recovery is high oil prices, so no worries right?


Here's the opening quote: "The American economy is now strong enough to withstand Middle East turmoil and the Japanese nuclear crisis. Only a big rise in the price of oil could stop it now."  Good think that's not happening, right?  *sarcastic off*
But look a little further down for the baseline assumptions they're working with:  "In part, that's because the economists think Americans will spend more freely in the coming months. Higher stock prices have made people wealthier. And a cut in the Social Security payroll tax is giving most households an extra $1,000 to $2,000 this year."  Yeah, I see people spending more all around me.  Don't you?

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