Quote:
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He predicted that unemployment will likely climb a lot higher before the recession is done, but he also reiterated his optimistic long-term view: "Everything will be all right. We do have the greatest economic machine that's ever been created."
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Those are hardly reassuring words for the legions of salaried and time clock punching people out there.
When those folks are running scared, businesses
always get clobbered
Warren's "optimistic long-term view" is all well and fine but it provides scant comfort to anyone who fears losing his shirt in the meantime.
Yeah, the media hype ain't helping any but the public is already spooked and has been since the first bailout.