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Kneale's bio states that he holds a journalism degree from the Univ of Florida. Wow that's some heavy duty economics background there.
Not only did Dennis Kneale say this on June 25th but a little over a month later we have this on the front cover of that magazine they call newsweek. No need to worry, jobs will be added at a 1/2 million a month, GDP is going to soar back to 4% and the housing bubble that just popped will begin to gain strength once again, this is all positive, go out and spend and consume. This is the new economy.
Dennis Kneale is probably not allowed to think for himself. I feel bad for him...he wanted to be a journalist, do some good and so on. Instead GE makes him tell the herd good times are right around the corner.