Posted on 03/05/2015 1:22:29 AM PST by iowamark
Hope flickered last year when the economy grew at more than a 4% clip in the second and third quarters. But then came last week’s news that fourth-quarter growth slowed to 2.2%, a gloomy revelation that the rebound was temporary. Economic growth for 2014 clocked in at about 2.3%—the same disappointing pace since the recession officially ended in 2009. What is the problem?
For years I and many others have argued that a return to the principles of economic freedom would convert this not-so-great recovery into a great one. But Washington has not seriously considered pro-growth policy—no tax reform to lower tax rates and spur hiring, no regulatory reform to scale back costly regulations, no new free-trade agreements, no entitlement reform to stop the debt explosion, and at best only a hint at monetary normalization to reduce uncertainty...
With 2.5% productivity growth added to 2% employment growth, economic growth would be 4.5%. That is far above the forecasts of most economists who have written off the pro-growth policies suggested here. This growth rate could be sustained for several catch-up years before leveling out to a 3% longer run growth path.
The U.S. economy is not a turtle, but a caged eagle ready to soar if released from the captivity of bad government policy. By putting the right policies in place—particularly personal and business tax reform with marginal rate cuts—the U.S. can turn the economy around quickly.
(Excerpt) Read more at wsj.com ...
The US economy will never prosper under Democrat leadership.
If you cannot get the full article from the link, google the title.
Most of the so-called mainstream media coverage is something to behold. When things were rolling under Bush, economic reports would be framed with: But are there dark clouds on the horizon?
The same media frames generally weak Obama economic reports with: Have hope! Recovery is around the corner!
Until the Commie pink fag is removed from the WH. Nothing will change.
Wonder what flavor Kool-Aid he gets from the administration to write such absurdities?
“If you cannot get the full article from the link, google the title.”
Copy the article’s title. Go to Google and paste it. From there you can get the entire article.
Furthermore, no economy can prosper where the rule of law is mocked from by the very institutions that are charged with protecting it; nor where communism is enshrined in law.
Resident obama: “not on my watch!”
On the other hand, some government agencies that serve vital functions are being cut. What do we need a strong military for, when military funding can be diverted to give welfare to illegal aliens after they are granted amnesty?
What is really troubling is that we now have industry signing on to the communist state run, top down model. This is clearly evident with the Chamber of Commerce locked on to and sucking the public tit, willingly destroying free market principles. There is a suicidal and very dangerous, destructive behavior now operating in this once great country. Those who were educated in a hot bed of socialist ideologies in our schools know nothing about or, worse yet, hate capitalism and they are now in leadership positions in our economy and our government.
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