Uq – No Economic Recovery Now




НазваниеUq – No Economic Recovery Now
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Дата конвертации14.02.2013
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ADI 2010

Lab Name File Title

Contents


**Uniqueness** 2

**Generic Links** 16

**Generic Aff Answers** 30

**Amnesty Links** 33

**Links – Employment Visas** 56

**Aff Answers – Employment Visas** 67

**H2-As, H2-Bs, H1-Cs** 72

**Which Internal Link Is Best?** 79

**Link Defense** 95

**Economic Growth Bad** 105

** Economic Growth Good** 152





**Uniqueness**


UQ – No Economic Recovery Now


Econ reform impossible, Obama captured by interests of Wall Street, deficit hawks, congress, and advisers will wait til econ recovers

Froomkin 2010

Dan, Huffington Post Online, http://www.huffingtonpost.com/2010/01/23/7-things-about-the-econom_n_433688.html

Obama, however, captured as he is by the Wall Streeters and deficit hawks on his economics team, doesn't seem inclined in that direction -- nor, of course, does our utterly dysfunctional Congress. Obama and his advisers don't seem to feel the need for a new approach to growth, or to explain where they think it will come from. Their posture is simply to hang tough until it returns.


Banks haven't recovered as much as claimed, risking collapse

Froomkin 2010

Dan, Huffington Post Online, http://www.huffingtonpost.com/2010/01/23/7-things-about-the-econom_n_433688.html

But the current economic situation is more fragile that some would have it. One particular danger is that because of bogus accounting rules, banks aren't properly recognizing their losses -- and are in fact largely insolvent.


UQ – No Economic Recovery Now


The economy is low GDP rate drop and easing consumer spending

Bloomberg 7/30

(Shobhana Chandra, 7/30/10, http://www.bloomberg.com/news/2010-07-30/recession-in-america-was-even-worse-than-estimated-revisions-to-data-show.html)BHB


Guy Lebas, chief fixed-income strategist at Janney Montgomery Scott LLC, discusses the U.S. second-quarter gross domestic product figures released by the Commerce Department today and the outlook for the economy. Growth in the U.S. slowed to a 2.4 percent annual rate in the second quarter, less than forecast, reflecting a larger trade deficit and an easing in consumer spending. Lebas speaks with Carol Massar on Bloomberg Television’s “In the Loop With Betty Liu.” (Source: Bloomberg) The worst U.S. recession since the 1930s was even deeper than previously estimated, reflecting bigger slumps in consumer spending and housing, according to revised figures. The world’s largest economy shrank 4.1 percent from the fourth quarter of 2007 to the second quarter of 2009, compared with the 3.7 percent drop previously on the books, the Commerce Department said today in Washington. Household spending fell 1.2 percent in 2009, twice as much as previously projected and the biggest decline since 1942. “We do tend to get bigger revisions at turning points in the economy,” Steven Landefeld, director of the Commerce Department’s Bureau of Economic Analysis, said in a press conference this week. On the more positive side, “in the past, we’ve tended to undershoot the recovery” as well, he said. The data better explain why the jobless rate doubled, reaching a 26-year high of 10.1 percent in October, and has been slow to subside. The government also boosted personal income levels for each of the past three years, propelling the savings rate higher and signaling households are further along the process of repairing finances. The rebound from the recession has been more subdued in the last six months of 2009, as the economy grew at an average 3.3 annual pace from July 2009 through December, instead of the 3.9 percent previously projected. By comparison, growth averaged 7.2 percent in the two quarters following the 1981-82 recession, during which the economy contracted just 2.9 percent.
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