Posted on 07/23/2010 12:22:04 PM PDT by Domandred
What are you worth?
The United States’ net worth has fallen by trillions, and many see this as the most pressing economic problem of the day.
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Gross Private Domestic Investment has fallen 24 percent since its peak in the second quarter of 2006. But personal consumption expenditures are actually up 11 percent over the same period.
Consumption declined only slightly in the third and fourth quarters of 2008. Disposable income was also down slightly in these two quarters but is now 4.6 percent higher than at the start of the recession.
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Don’t blame the U.S. consumer for a weak economy. If policymakers want to see the labor market improve and the economy to grow, they must look for ways to help businesses increase investment.
(Excerpt) Read more at idahostatesman.com ...
Click for full article.
The author of this piece is not a reporter but an economics professor and Doctor of International and Financial Economics for Northwest Nazarene University (I think a conservative school) in Nampa, Idaho.
Our Kenyan President borrowed a trillion bucks and pissed it away.
We are now a world wide joke, bankrupt and being led by a Kenyan born citizen.
The big government leech is sucking the life out of us.
Anyone can see what Obama is doing -- Wall St banks, GM, BP, Healthcare, he's creating rampant uncertainty across all major industries. No businessman in their right mind wants to invest if they can't take a reasonable stab at Risk Management. Everyone is sitting tight until we get some stablity, but Obama keeps changing the rules.
Obama is loving this, IMO.
Next march in DC is going to be dangerous. The people in power are paranoid, and with good reason. They have pissed all over a free and armed people, mocking them and insulting them. There will be trials and convictions this time, not just elections and evictions. The people have been scorned.
I sure hope that you are correct.
We’ve been “building” an economy purely on debt for the best part of 30 years. Both Republicans and Democrats have cheerfully joined in the charade.
It's going to take many years to fix things - if they are at all fixable given that the US is rapidly losing its place in the world economy.
If Americans fully expect a return to the happy-go-lucky days where everyone had a 4 bedroom house in the burbs with a golden retriever in the yard, 2 cars in the garage and a boat alongside, and Social Security and Medicare for grandma and grandpa, then I’m afraid they’re in for some s-e-r-i-o-u-s disappointment.
I'll fully support the first political party that promises, as Churchill did, "blood, toil, tears and sweat", but I'm not holding my breath waiting.
Add these to the millions who lost jobs.
Predictably, Obommunism is a bloody train wreck.
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