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Season one. Episode eleven. . .
Dollar Continues Slide As US Unemployment Figures and Massive Deficit Spending Fuel Expanding Global Recession. . .
Dateline: 07.16.2076. . .
This is 1st Amendment Broadcast News. Matt Amazon reporting. . .
The following news article was originally released by: APNS 12.15.2023 Washington, DC. . .
With Department of Labor unemployment figures projected to hit at or near the twenty percent level, the Ahmed administration is scrambling to downplay the horrific jobless rate; while at the same time, top level White House economic advisers continue to spin the benefits of the soon to be implemented, yet extremely costly, Medicare-Embrace program. However; critics of the President’s expensive new “healthcare for all” program cite that of the many negative attributes associated with nullifying the private healthcare industry – the most devastating will be the annual 3.5 trillion dollar price tag and the one trillion dollar annual loss in revenue, along with the loss of an additional three million jobs.
The festering argument between private and government economist regarding the growing uncertainties surrounding the US economy has triggered anxiety within global markets and financiers prompting a negative trend toward a deepening world recession. With foreign markets struggling, no government is in the position to bolster the declining US dollar as it continues on a downward spiral. US officials insist the fall will even off and the dollar will eventually correct itself to the proper level for today’s economy.
President Ahmed is scheduled to address the nation, Thursday night. The speech is expected to contain reassurances for the nation that the administration is aware of the economic hardships which loom ahead. However, the President is certain that the proposed economic policies set to be implemented by the Congress will ease those hardships and stabilize the struggling economy. Ahmed will outline her four step stimulus plan which will call for a dramatic increase in the federal work force. The proposed hires will be to fill the massive vacancies which will be created within both the Medicare-Embrace program and the Rebuild Within (infrastructure revitalization effort) program.
Opponents from the Federalist Libertarian party insist that Ahmed’s economic proposals will continue to shrink revenue while expanding spending. Senator Joe Dean Malloy believes the nation is nearing a breaking point and about to reach the “point of no return”. “The Chinese and the Europeans believe, ” the Texas senator stressed, ” that America has forfeited its role as world leader. Our haphazard and extravagant spending, along with our reduction in military force initiatives, have created an environment of uncertainty and distrust within our allied partnership community.”
As the Beijing government grows increasingly nervous, foreign investors fear the Chinese will start dumping dollars to salvage a portion of their investment. And if that happens, the snowball effect could escalate out of control as more and more foreign investors cash in their dollars in order to regain a portion of their venture.
This concludes our replay of Dollar Continues Downward Slide As Worldwide Recession Deepens. Our next report in the series: Under Threat of Governmental and Economical Collapse, Ahmed Temporarily Shelves Medicare-Embrace Plans . . .
This has been 1st Amendment Broadcast News. . .
Preserving our unalienable Rights defined in the 1st Amendment of the Constitution of the former United States of America: Freedom of Speech and Freedom of the Press. . . . .
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This has been Matt Amazon reporting for 1st Amendment News. Good night.