Virtually every key economic indicator is pointing in either the wrong direction or is barely leaning to the positive side.

Examiner Editorial

Excerpts:

‘If you are counting people who are either underemployed or have given up looking, the unemployment number nears a Great Depression level of 20 percent.

The really bad news, however, is that things are going to get worse before they get better unless President Obama and the Democratic Congress reverse course and abandon their plan to impose a huge tax increase on Jan. 1, 2011.’

‘Obama and the Democrats argue that extending the Bush tax rates would “cost” the government revenue needed to cut the federal deficit. But the deficit is primarily their doing and is projected to average in excess of $1 trillion annually for the next decade. The way to reduce deficits is to cut federal spending and leave the Bush tax rates in place to generate additional government revenue.’

‘So, hold on to your hats, folks, because it looks like Great Recession, Round Two is headed this way.’

FULL STORY

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