Jobs, factory data point to slowing economy ... Economic data for January and February suggested that growth accelerated in the first quarter after activity almost stalled in the final three months of 2012. But in a replay of the prior two years, the economy appeared to have hit a speed bump at the end of the quarter, with data ranging from employment to retail sales and manufacturing weakening significantly in March. – Reuters
Dominant Social Theme: The US is getting better all the time.
Free-Market Analysis: Keynesianism doesn't work.
Printing oodles of debt money does not inflate the real economy but merely further distorts it.
While the above excerpt was posted in February, things have not improved in the US since then. As NBC recently reported, "For the third year in a row, the nation's economic recovery has hit a springtime soft spot ... Reflecting that weakness, only 1 in 4 Americans now expects his or her own financial situation to improve over the next year, a newAssociated Press-GfK poll shows."
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3 comments:
If Obama had been able to do the Tarzan yell and pound his chest during the last "reported" economic uptick he would have.The rest of us knew it was only temporary.
But the MSM says everything is wonderful, I just don't understand.
It's just Obamanomics in motion.
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