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To: Wyatt's Torch
If the US economy cannot accelerate to a clearly above-trend pace even after the end of the private and public sector retrenchment at a time when monetary policy and financial conditions still look very supportive, then it is certainly appropriate to ask whether the forces holding the economy back are deeper and more structural in nature.

Well, duh!

April 2014 U-6 unemployment rate is 11.8% BLS and 16.6% Gallup
Labor participation rate worst in 35 yrs
Real wages stagnant if not falling
% part-time work rising
% full-time work falling
People/families getting food stamps at record highs
People receiving federal disability at record highs
Other than a few warm spots, all housing except super-rich anemic at best
Minorities unemployment rate very high (for legal workers)
Recent grads can't find good jobs, if at all
Many graduates crushed by high college debt
Many young adults work part-time & live w/ parents/relatives
Unbelievably, new housing & car loan bubbles already being pushed
Illegal immigrant/underground economy steady or rising
Retail/service stagnant or falling
General inflation higher than the official rate
Inflation for necessities even higher
Bernake (now Yellin) phony bucks, called QE
0bamacare raising costs, killing jobs
General medical costs up
Most construction slow to sporadic at best
Overall energy costs still too high
Businesses strangled by excessive regulations
Small business start-ups anemic
Stock market/bank money not "trickling down"
And like that NYC guy said "The rent is too damned high!"

....A partial list of things holding Americans down....

20 posted on 05/27/2014 8:12:32 AM PDT by citizen (There is always free government cheese in the mouse trap.....https://twitter.com/kracker0)
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To: citizen

We’ve talked about it on this thread a bunch but the fiscal and regulatory forces exerted on business is the leading cause of slow growth. Growth is just being choked off by the government. All those things you list are the symptoms of that disease.


21 posted on 05/27/2014 8:24:55 AM PDT by Wyatt's Torch
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