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The following excerpt is from an AP story in today's newspaper..
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On President Barak Obama's deficit commission
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Deficit Panel Split; Painful Package In Doubt
Plan calls for sweeping tax changes
Updated: Wednesday, 01 Dec 2010, 10:49 PM EST
Published : Wednesday, 01 Dec 2010, 6:15 PM EST
Although prospects for the plan are unclear, the attention it has received has helped "awaken the nation" to the "depth of the economic hole the country is in" and the "need for bold action to dig out", suggested Bowles, who was former President Bill Clinton's White House chief of staff. Simpson is a former Republican senator from Wyoming.
"The American people get it now. People want this to happen," Bowles said.
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And THIS seemingly CONTRADICTORY story from MarketWatch
Dec. 1, 2010, 2:40 p.m. EST
WASHINGTON (MarketWatch) — The U.S. economy is starting to pick itself off the mat, according to the latest reading of the U.S. economy released on Wednesday.
Anecdotal reports from the 12 Fed districts indicate that “the economy continued to improve, on balance,” the Fed’s latest Beige Book report concluded.
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So which TF is it?! Talk about UNCERTAINTY! BOTH of these stories come out on the same day! One says the U.S. economy is DOOMED if we don't DO something and do it FAST! While the other story [from the FED] says “the economy continued to improve, on balance,”
WTF?!?!?!?!?! Make up your f'ing mind! Which is it?!
Greg
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