Saturday, March 02, 2013

The US economy

We saw some strange economic news this week:  Americans saw their Incomes drop, durable goods down 5% in January, the GDP was revised to 0.1% growth in the last quarter of 2012 and Detroit is going broke.

Add to this the bleak jobs report and you have a lot of concern about the US economy.

Add to this the month to month crisis mode plus the growing uncertainty over Obama-Care and no one is hiring.   And don't forget to add the high unemployment rates of Europe and you have a mess.

I am not giving you "gloom and doom".   However, we do need leadership and we are not getting any from Pres BO.  The country needs a leader and Pres BO defines leadership as reading from a teleprompter.

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