Of course you aren't surprised. Unemployment number up to 9.2%. What I want to know is what do you think the government will do? Should do?
Squawk Box is "stunned". Obama is going to speak on the economy this morning, I bet he is having to re do his speech now. LOL
Answer by gammie at 9:06 AM on Jul. 8, 2011
Answer by UpSheRises at 9:12 AM on Jul. 8, 2011
Answer by scout_mom at 9:19 AM on Jul. 8, 2011
IDK. We were told that Obama was going to fix Bush's mess. I don't see improvements, but that's just me. I don't really think that government intervention is the right thing to do (after all, it always ends up costing us more in the end). Whatever happens, the results will be his baby (good or bad). I don't know how you can persuade companies to bring their businesses (i.e. jobs) back to the states. Even with less regulation (which isn't likely), they still pay out less in another country than they would here.
Answer by QuinnMae at 9:43 AM on Jul. 8, 2011
Answer by pookiekins34 at 10:19 AM on Jul. 8, 2011
I would love to see the fair tax, but I just don't see it happening anytime soon. And especially with this administration. Considering that this administration created legislation that requires the hiring of thousands of new IRS employees I can't see him agreeing to any type of legislation that would reduce the number of government jobs. I don't know that there is a two thirds majority to go around him.
Answer by QuinnMae at 10:26 AM on Jul. 8, 2011
Answer by prettynpink343 at 10:55 AM on Jul. 8, 2011
THIS is a part of the debacle caused by the previous administration and what the President has been trying to fix since January 2009 and it will take another 5-10 years to get us back on track again. WHen the economy (and the stock market) tanked in mid-2008, the effects were long lasting and devastating and can't be fixed in only a few years. Deal with it. The country is suffering from a need for Instant gratification"...in other words, they want everything done NOW. It won't happen.
Answer by minnesotanice at 11:16 AM on Jul. 8, 2011
Next question overall
Any of you mamas just stick to this question section instead of venturing...