THE RACE: Economic train wreck may lie ahead | Political Headlines | Comcast
A "fiscal cliff" of steep tax increases and deep spending cuts scheduled to begin next year looms darkly over the presidential race.
While both parties blame the other, almost nobody thinks President Barack Obama and Congress can resolve the impasse before the Nov. 6 election.
Thus, the winner will immediately face an enormous challenge that must be dealt with in a matter of weeks.
Right now, the candidates are competing for attention with the Summer Olympics in London.
But the unemployment report for July, due out Friday, likely will serve a cold dose of economic reality as Congress begins a month-long summer recess.
Economists and analysts don't expect much change from the dismal 8.2 percent rate in both May and June, especially considering last week's report showing economic growth at a rate of just 1.5 percent.
Economic weakness weighs on Obama's re-election chances and plays to what polls show is Republican challenger Mitt Romney's biggest strength, handling the economy.
All aboard the fuck train---choo-choo ,time to pay the piper
A "fiscal cliff" of steep tax increases and deep spending cuts scheduled to begin next year looms darkly over the presidential race.
While both parties blame the other, almost nobody thinks President Barack Obama and Congress can resolve the impasse before the Nov. 6 election.
Thus, the winner will immediately face an enormous challenge that must be dealt with in a matter of weeks.
Right now, the candidates are competing for attention with the Summer Olympics in London.
But the unemployment report for July, due out Friday, likely will serve a cold dose of economic reality as Congress begins a month-long summer recess.
Economists and analysts don't expect much change from the dismal 8.2 percent rate in both May and June, especially considering last week's report showing economic growth at a rate of just 1.5 percent.
Economic weakness weighs on Obama's re-election chances and plays to what polls show is Republican challenger Mitt Romney's biggest strength, handling the economy.
All aboard the fuck train---choo-choo ,time to pay the piper