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We are going in a direction that is dark and ominous.
It’s part of the brewing populist revolt the media is dismissing.
The majority of Americans believe the nation is going in the wrong direction.
And now the administration is saying unemployment will stay high for a long time and is not even attempting to even propose any decisive remedial action.
Fiscal adjustment is off the table because they think they are ‘out of money’ while they wait for the Fed not knowing its tools are incapable of restoring demand.