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Growing 'Output Gap' Suggests More Hard Times Ahead

eddie again Wrote: Feb 08, 2013 11:11 AM
the balance of the available evidence indicates obama is not a serious employee. he is nearly totally uninterested in meeting his responsibilities to his employers. he appears mostly to be the smooth talking co-worker that pulls the wool over the low information boss's eyes by blaming others for his not carrying out his responsibilities.

WASHINGTON -- The Congressional Budget Office (CBO) released a gloomy report this week about the government's debt and the ailing economy. And it's worse than the Obama administration has led us to believe.

The first graph in the CBO's "Budget and Economic Outlook" tells us what most economists already knew, but that the White House refuses to acknowledge: "Economic growth will remain slow this year ..."

By "slow," Congress' nonpartisan forecasting agency means the economy will grow by "just 1.4 percent," which means it's barely moving, stuck in a paralytic trance where relatively few jobs are created and our country slogs along at...