Artificial support for dollar, manipulation on interest rates and mega trillion dollars debt due to excessive spending.
Read more
The economy shrank because the current administration is doing everything wrong. You do not create good jobs by increasing the government jobs payroll. Small business owners are afraid to create new jobs because the government is increasing regulations and putting pressure on the very people who can help to create jobs. You also don't raise…
Read more
Mr. Obama was re-elected so the uncertainly would continue.
Read more
The economy shrank because so many people are unemployed or underemployed. The unemployment numbers have never been as optimistic as the reports show. Too many have left the work force and are no longer counted so the numbers have not reflected the actual numbers of people who are not working. Of course, President Obama and…
Read more
The Bureau of Economic Analysis breaks it down as shown below: Percentage-point effect on economic growth Consumer spending +1.52 Business investment +0.83 Home construction +0.36 Company stockpiling -1.27 Government spending -1.33 Change in trade deficit -0.25 Effects of the reductions in government spending and company stockpiling total -2.60%, while consumer spending was up over 1.5%. …
Read more
For my family, requests for Christmas and birthday gifts have become requests for practical items such as food products, or necessary clothing or educational materials. There is little spending for extra fun items or even home improvements. I think that many families are facing the same thing. There just is not money to spend. So the consequence is that…
Read more