Wednesday, April 18, 2012
Credit Talk USA Live - Congress won't fix economy
American how much longer can this go on. Most families can not even pay your their bills and congress needs to help people. Tell me what you think.. This is what is being said. Economists have lots of ideas about what can be done to help jumpstart the still weak economy, but they don't expect Congress to enact any of them any time soon. On Credit Talk USA Worldwide LIVE on Thursday 11amcst on blogtalkradio.com
A survey of economists by CNNMoney found most don't expect Congress to pass any kind of economic assistance anytime in the foreseeable future. Only about a third of the 16 who responded to the survey expect some kind of action early in 2013, after the election. Just one expects action in a lame-duck session after the election but before the end of the year. None of them expect action before the election
"Two weeks after a sudden freeze in hell," is when Bill Watkins, of the Center for Economic Research and Forecasting at Cal Lutheran University, expects Congress to ride to the rescue.
Watkins and his colleagues are the most concerned of those surveyed about the recent weakness in a number of economic readings, including much weaker-than-expected job growth in the March jobs report. They were the only ones who checked the very concerned box.
http://money.cnn.com/2012/04/18/news/economy/forecast-congress/index.htm?iid=Lead
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