It's going to be difficult to stimulate the real economy in the U.S. at a faster rate than 2 percent and perhaps even less if we have that fiscal cliff in December or January 2013.
Sentiment: NEGATIVE
The economy is too weak right now. We need to jump-start it. The American Jobs Act will provide that jump-start, to help us into next year and the year after that.
Folks in the bottom half of the economy are already squeezed hard. They will be bloodied and bankrupt if economic policy inadvertently induces a recession.
We're really going to be focused on economic growth and creating jobs, and that's really going to be a priority.
After several trillion dollars of stimulation by the Obama Administration and the Fed, one might think the economy would be chugging along at a pretty good clip. But, it just isn't so, and the light at the end of the tunnel is pretty dim. Just ask a small business owner.
Before the math and the momentum overwhelm us all, we are going to solve this nation's economic problems. And I'm going to level with you: We don't have that much time. But if we are serious, and smart, and we lead, we can do this.
The debate we won't be having is whether or not the debt ceiling should be raised. We will not have a situation where people will hold the American economy hostage in order to achieve a specific agenda - at least not until 2013. So we think that is incredibly important as a matter of economic good.
Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages.
It would be helpful if someone would lay out exactly the economic mechanism that gets us from yet lower interest rates to actual economic activity.
Right now we think that rates will stay low, that you'll be able to get a mortgage below seven percent and that's kicked off a refinance boom that's going to put more money in the pockets of consumers.
So now we are pushing economic reform, bank reform and enterprise reform. So we can finish that reform this year, in September or October. Then our economy may be much more, you know, normalized.
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