smilenanjing

If Barack Obama and Congress cannot meet them, the result could be budgetary disarray Christian Louboutin Boots a damaging tightening of fiscal policy. When Democrats and Republicans are busy quarrelling, the theory goes, they have less time to tie up business in red tape or to bust the budget. That wisdom is about to be tested. On October 29th the government reported that GDP grew no more than 2% at an annual rate Christian Louboutin Jean Paul 120 wedge sandals Blue the third quarter, barely enough to keep joblessness from rising, much less to create work for the 8m who lost their jobs during the recession. Growth in the current quarter looks no healthier. Meanwhile, a series of economic-policy deadlines looms over the next four months see table. If Barack Obama Christian louboutin Jeweled Platform Slingback Congress cannot meet them, the result could be budgetary disarray and a damaging tightening of fiscal policy. Mr Obama is proposing several scaled-down stimulus initiatives, such as $50 billion in infrastructure spending and a business-investment tax credit, and will probably press to renew expiring provisions Christian Louboutin Jolie Noeud Dorcet D Orsays Black the old stimulus plan. Extended unemployment-insurance benefits, for instance, expire on November 30th, and Mr Obama's "making work pay" tax credit on December 31st. But Republicans are unlikely to be receptive, having just won Congress by arguing that stimulus doesn't work. Just keeping fiscal policy from tightening unintentionally could prove a challenge.