Friday, July 10, 2009

Mo' Money

Fewer economist favor another stimulus...but I'm sure that won't stop our Congressmen and President from passing another one.
Most economists believe the U.S. doesn't need another round of stimulus now despite expectations of continued severe job losses.

Just eight of 51 economists in The Wall Street Journal's latest forecasting survey said more stimulus is necessary, suggesting an average of about $600 billion in additional spending. On average, the economists forecast an unemployment rate of at least 10% through next June, with a decline to 9.5% by December 2010.

But, CNN has found a way to spin a yarn of good news in these bad economic times.

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