January 27, 2010 · 2 comments
in 2010, GDP, January, Obama, US Treasury, US debt, US economy, budgets, debt, deficits, employment, fiscal year, government, news and updates, recession, special dates, stimulus, stimulus plan
The Obama administration sits between an economic rock and a political hard place. Others might call it a contradiction. Obama needs to cut spending, but he’s doing this at the same time that more spending is being introduced (on job creation, more troops in Afghanistan). Slight cuts in some areas are supposed to offset increased [...]
The Bank of England surprised all economic estimates today when it revealed that the UK GDP continued to contract in the third quarter. Most analysts were expecting modest growth, and the Bank of England itself had been jawboning the notion that there would be growth. Instead, GDP contracted by 0.4%, which raises questions about other [...]
