Nothing is getting better.
Recall the debt limit increase in two 1.3T$ increments. Sure, you borrow 3 T $ so you can spend a many more trillions while at the same time cutting taxes with near zero interest rates and get a temporary boost from all that stimulus. But some day that will have to stop as the money will run out (that is coming sooner with this recovery) . Plus gas and food and other prices are going up WITH the positive growth (yes they are related) and the Federal Reserve is powerless to control prices without killing the economy.
I am still convinced as I have been for 3 years that there is no happy ending. Our one hope was a Obama Green Energy bubble to lure investment here like the internet bubble and housing bubble did, HA_HA, but stupid investors are harder to find now. I think they cant get credit anymore.
Oh, there are still stupid investors, but they aren’t FRIGGIN MORONS !!
WRT the well-being of the nation, I agree.
Just limiting the discussion to the unemployment rate, Obama can argue that the current official unemployment rate is better than 10% (October 2009). My point is that such statistics eventually improve, even if govt. policies are impeding economic growth.
I am still convinced as I have been for 3 years that there is no happy ending
I would like to believe that Obama will lose and a GOP POTUS would slow the spending, but you saw what happened when the GOP voted to reform entitlements.
stupid investors have been culled from the herd...
bubble after bubble to keep the economy spinnin couldnt last forever, the money has been successfully funneled to fewer and fewer hands that are unwilling to 'invest' until its a matter of buyin up the lil guys...