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Depression, rather than great recession. that is what i believe. i recognize it is totally arguable and i am happy to have that argument. but regardless, we did get a great recession out of the financial system collapse. unemployment numbers became unsustainably horrific. even as jobs started to come back, the economy returned to positive growth, unemployment rate is still atrocious. the great recession and high unemployment meant not just human misery, but continued bad economic consequences, people not making an income are not paying income taxes, people not buying things aren t paying sales taxes. there are strains providing services to a population more needy because inch worse economic shape. state budget deficits around the country are bad and they are bad because of the great recession, which remember, started at a specific time, the fall of 2008, and it started for a specific reason. it happened because of wall street. but you know, for all of the ....
Stepping in to stop the catastrophe probably prevented this becoming a great depression, rather than great recession. that is what i believe. i recognize it is totally arguable and i am happy to have that argument. but regardless, we did get a great recession out of the financial system collapse. unemployment numbers became unsustainably horrific. even as jobs started to come back, the economy returned to positive growth, unemployment rate is still atrocious. the great recession and high unemployment meant not just human misery, but continued bad economic consequences, people not making an income are not paying income taxes, people not buying things aren t paying sales taxes. there are strains providing services to a population more needy because inch worse economic shape. state budget deficits around the country are bad and they are bad because of the great recession, which remember, started at a specific time, the fall of 2008, ....
Unfortunate situation that we re in, but the crisis is an opportunity. i think right now our country is wasting hundreds of millions of dollars and our city is wasting hundreds of millions of dollars on unproven fads. one of them relates to the expansion of technology and online learning. new york city wants to spend half aรง billion dollars next yr on good banding online learning without any independent evalue and i go shows it actual works.g without any independent evalue and i go shows it actual works. learning without any independent evalue and i go shows it actual works.ood exbanding online learg without any independent evalue and i go shows it actual works. without any independent evalue and i go shows it actual works. without any independent evalue and i go shows it actual works. without any independent evalue and i go shows it actual works. without any independent evalue they re paying more for higher standardize the test scores and there has been study after study showing t ....
Inflationary monetary policy will help our economy, and both of those could town out to be chicken feed because the unfunded liability for state pensions is supposed to be somewhere around $3 trillion and that is just pensions. we are not counting retiree health benefits. you have $600 billion for qe2, and $3 trillion for state pension systems and if you are just looking at overall state budget deficits you are talking about enormous numbers in terms of hundreds of billions when you accumulate them across 50 states. and the question is, why should they be bailed out for making bad choices? neil: okay, thank you very much. this could be this year s disaster of the day. we hope not but thank you very much. we updated you earlier on this suspicious package found in washington, dc. today a report of an envelope that exploded. ....
Fundamental structural problems the state budget deficits, federal budget deficit, trade problems with china and independence on imported oil the congress and the president, both parties, have been unwilling to focus. we re not going to get there from here. the economy is cruising along like an airplane flying at 1,000 feet. it can fly at that level. if anything goes wrong, it crashes. that s what an economy at 3% is. it s cruising along but it wouldn t do much to derail it or sink it. california officials want everyone to wants the right to marry to have the right to do so. the state attorney general camilla harris submitted a petition to the 9th circuit court of appeals in an effort to resume marriage equality for same-sex couples while the court weighs the constitution ality of proposition 8. ....