(My new American Thinker post)
The US economy and baseball player Josh Hamilton have something in common: they are both in a big slump.
The US economy and baseball player Josh Hamilton have something in common: they are both in a big slump.
The first quarter GDP numbers are in and it is not
good:
"The bad news is that this recovery is still half the pace of
the normal expansion. The Joint Economic Committee reports that if the economy
had grown at the typical pace coming out of recession, at this stage GDP would
be closer to $17.4 trillion. This $1.4 trillion growth deficit is roughly the
size of the combined annual production of Michigan, Ohio and Pennsylvania in
2011." (WSJ)
Translation: We are not growing!
My "day job" is recruiting and let me tell you what the
marketplace is telling me.
I am on the phone with small to medium size
businesses in Dallas TX. They are confused. They don't think
that the government is working for them.
It all started with Obama-Care, the worst piece of
legislation
ever passed by the federal government. It was bad because it did
not address the health care problems, such as "preexisting conditions"
and mindless
lawsuits.
ObamaCare has spooked the business owners. They don't
understand it and aren't in a mood to hire an accountant to explain the 2000
pages.
The economy will continue to stagnate until someone pulls the
plug on this monster called ObamaCare! By the way, that "someone" may be a coalition of Democrats in panic mode!
---------------------------------------
Click here for Sundaty's show:
Listen to internet radio with Silvio Canto Jr on Blog Talk Radio
Tags: The US economy To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!