Economic Growth Slow, Stalling : A Progressive Democrat Success

What our country really needs now is to restore the soul of it's people that has been stolen by the progressive socialist democrats which they want to replace it with very small but select group of government bureaucrats dedicated to eliminating individual freedom and replacing it with the over sight of regulations and mandates.

If we are to recapture our heritage of personal freedom to the pursuit of happiness and prosperity, it is imperative we understand and work to eliminate the disease that is causing our country to become less then what past generations fought so hard to preserve. Progressive socialism.

It is our duty to carry the torch of freedom that has been passed down to us by these past generations that sacrificed beyond our comprehension for this country to continue to lead the world as the last and best bastion of freedom.

It has taken 236 years to bring our country to this point in time where the challenge to preserve our freedom is once again under attack. It is up to us, this next generation after the 'greatest generation', to do our duty as Americans what ever it takes to not allow our most scared  right to freedom slip away, to do otherwise will be this generations greatest failure.

Those that come after us will curse our very existence.

Our Weak Economic Recovery
Source: John H. Makin, "The limp economic recovery, five years on," American Enterprise Institute, April 29, 2014.

May 9, 2014

Economic growth since the end of the financial crisis has been significantly weaker than in other recoveries, writes John Makin, resident scholar at the American Enterprise Institute.
June marks the fifth year of economic recovery since the 2008 financial crisis, and the "recovery" has been unimpressive:

• Compared to other post-World War II recoveries, growth since June 2009 has been considerably poor. With the exception of two quarters, growth has been below average.
• Investment has also been below average, as investor uncertainty -- especially in health care and financial services regulation -- has risen. Uncertainty has been so severe that even zero interest rates have been unable to encourage investment.
• Usually, 4 percent of the rise in household wealth is spent, and household wealth in the U.S. has increased $25 trillion over the last several years. However, consumption has not recovered at the rate that would be expected alongside the wealth increase.
• Employment growth has also been weak. Companies have been able to utilize labor-saving technologies, shifting income distribution towards capital.

What can we expect in the months ahead? The Federal Reserve is predicting 3 percent growth for 2014 -- wishful thinking, Makin says. With a flat stock market and a housing sector that is beginning to cool off, the U.S. needs stronger levels of investment, consumption, and exports.

For a real recovery, the U.S. needs corporate tax reform, Makin says, and it needs a government that understands the burdens created by regulation.