Posted by
Tim Blessing on Wednesday, March 26, 2008 7:13:08 PM
I do not know the overall statistics for the economy.
I do know oil prices are up, food prices are up, and housing appears to be in bad shape.
I do know this is an election year and politicians sitting on the outside are want to use the economy as a hammer to get into power.
Bush is tone deaf on the economy so that makes it doubly hard to get an accurate reading.
Let's say there is at least a potential for a recession.
Let's say we are making minimal adjustmests from making it bigger.
Let's say we need a little more activism than usual to maintain a healthy economic infrastructure.
I would support extending unemployment insurance up to a year as a mean's to see people through to the time when the economy correct's itself.
That violate's my Libertarian Republican Philosophy, but it maintain's my overall philosophy.
You do the little things to prevent a much bigger disaster.
Talk of recession could very well lead to a recession.
In essence, the Federal Reserve see's a recession coming six months before the public perceive's it and the Fed see's that we are coming out of a recession six months before the public does.
A small point, we can talk our way into a real recession at any time rather than a short term dip in economic growth.