Wednesday, August 3, 2011

Debt Deal Kills 1.8 Million Jobs In 2012

Just after the ink dried on the "Debt Deal," the Economic Policy Institute estimates that it will decrease 2012 GDP by 0.3% and destroy 1.8 million jobs ( The CEO of PIMCO, a leading bond investment firm, also said the deal will decrease demand, lower growth, and raise unemployment.

No wonder that the stock market lost more than 200 points and West Texas oil fell to $94.

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