Economic Growth Stagnant / Falling : The Progressive Agenda Working

The Obama administration is not about growing the economy, it about growing the political base by driving the economy lower and thereby forcing the population into dependence and eventual poverty. The progressive socialist liberal Democrats believe this is a winning hand in elections for generations as those voters that have no options available to them to gain prosperity for them selves have to vote Democrat just to survive.

Understand, this agenda is working. 1 in 3 receiving a government benefit of some kind. 

Of course, what the millions of unfortunate jobless and futureless don't seem to understand is, once the money promised by the progressive Democrats if they vote for them never shows up, it will be too late for others to fix their precarious position they find themselves in. Their first question will be. 'What do you mean the money is gone? How will I live?' Good question.

The terrible truth here is, for millions of citizens, will only become evident when the situation becomes untenable, but maybe even worse, millions will never have any idea why they are standing in a soup line with their family. No home, no money, no future.

Voting for more Democrats that promise the good life at the expense of others has consequences.

Why Economic Growth Is Getting Harder
Source: Brink Lindsey, "Why Growth Is Getting Harder," Cato Institute, October 8, 2013.
October 15, 2013

For over a century, the trend line for the long-term growth of the U.S. economy has held remarkably steady. Notwithstanding huge changes over time in economic, social and political conditions, growth in real gross domestic product (GDP) per capita has fluctuated fairly closely around an average annual rate of approximately 2 percent. Looking ahead, however, there are strong reasons for doubting that this historic norm can be maintained, says Brink Lindsey, a senior fellow at the Cato Institute.

Consider the four constituent elements of economic growth tracked by conventional growth accounting:

• Growth in labor participation, or annual hours worked per capita;
• Growth in labor quality, or the skill level of the workforce;
• Growth in capital deepening, or the amount of physical capital invested per worker;
• Growth in so-called total factor productivity, or output per unit of quality-adjusted labor and capital.

Over the course of the 20th century, these various components fluctuated in their contributions to overall growth. The fluctuations, however, tended to offset each other so that weakness in one element was compensated for by strength in another.

In the 21st century, this pattern of offsetting fluctuations has come to a halt as all growth components have fallen off simultaneously.

The simultaneous weakening of all the components of economic growth does not mean that slow growth is inevitable from here on out. The trends for one or more of them could reverse direction tomorrow. Nevertheless, it is difficult to resist the conclusion that the conditions for growth are less favorable than they used to be. In other words, growth is getting harder. Consequently, policies that are more friendly to long-term growth will be needed if more robust growth is to be revived.