Data are hard to deal with when your vision is on the wrong side of it. Those wanting to claim there is a recovery underway are having just this problem. These people either have no understanding of economics or they believe falsely that they can inflate “animal spirits” with their hyped reports and that will initiate a recovery.
There will not be an economic recovery given the economic policies of this country. A recovery is not unlikely, I would argue it is closer to impossible if not impossible. The reasons for this position are not complicated. In short, the nation has become an out-of-control welfare state that is rapidly destroying the incentives to work or create jobs. Government policies appear designed toward this end. One doesn’t need a high IQ or an advanced degree in economics to understand the problems.
There are innumerable factors responsible for the decline of the US. Only three important ones will convey why the economy is dying:
1. The rule of law and property rights are under attack.
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We need international hospice now.
ReplyDeleteJust to comfort working class Americans as we slowly die a painful death.
I don't think that we are to a point of no return yet. If the Democrats win in the House and Senate in 2014 then we are in big trouble. At that point, there will not be a turn around.
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