Here's some more CNN Money financial nonsense. Most of it more whining and whimpering over the UK's exit from the EU. We warned you about the post-Brexit scaremongering from MSM and its elitist friends in high places.money.cnn.com/2016/06/28/news/economy/uk-economy-brexit-taxes-spending-austerity.
1. Economists have slashed their growth forecasts for this year, and next, with some even predicting a recession.
When is the last time economists anywhere on the planet got their growth forecasts anywhere near correct? And their predictions have been about as accurate as those of Goldman Sachs, abominable.
2. Britain's top finance official: 'It will not be plain sailing.
Here we have outgoing UK Treasury Chief George Osborne telling the globe the obvious. After plowing through months of articles about the upcoming Brexit, we cannot recall anyone on the leave side suggesting it would be smooth sailing if UK voters voted to leave.
3. "It's very clear that the country is going to be poorer as a result of what's happening to the economy," Osborne told the BBC on Tuesday.
This pathetic quote almost deserves no response. We thought that's what they been doing all these years, providing fiscal security to people, the very thing that's been preventing them from living within their means.
4. The chancellor's assessment that more austerity will be needed is the latest body blow to hopes that Britain's economy would be relatively unscathed by a decision to leave the EU.
Again, another straw man ploy. We don't recall anyone suggesting the economy if exit was voted in would get through relatively unscathed.
5. Osborne was once viewed as a possible successor to Prime Minister David Cameron, but he has ruled himself out as a replacement.
Who said prayers never get answered? Here we have a high ranking British bureaucrat pulling an updated Dick Nixon.
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