In response to:

Fed's Ivory Tower Just Got Smaller

airstart Wrote: Feb 01, 2013 2:41 AM
It is evident that the elitist economists, politicians, and wall streeters don't buy their own groceries, fill their own gas tanks, or pay their own bills. After all life in NY City, or DC is not the same reality as is experienced in the fly-over states.

Today's weaker than expected GDP report shows just how out of touch most professional economists remain with respect to the fundamental weakness of the US economy. After more than four years of nearly never ending monetary stimulus and more than $5 trillion worth of new federal debt, the economy remains stuck in a serious recession.

The report shows that federal stimulus and deficit spending can't create sustainable economic growth.

Although the tepid data shocked many economists, I was not surprised. I believe zero growth is consistent with the state of the real economy. The stronger growth numbers that we...