In response to:
Yeah, yeah, yeah, we've all heard that we shouldn't believe the data which shows the economy in contraction. The economy is doing fine they say, because the annointed one is at the helm. BS, I say. The economy is growing because that is its natural propensity. The POTUS does not control the form or function of the economy, which is far too complex to be controlled. The best analogy is to compare the economy to an automobile. In that scenario, the gubmint functions just like the brakes. Using that pedal will slow dowm, even stop the auto regardless of how fast it's moving or how much you're pressing on the accellerator. You can never make the car go faster by pushing the brake pedal, no matter how hard you push.
Yes, it’s that time of year again.
It’s time to hold our nose and check the diaper that we have all come to know as Obamanomics.
While rightly this review should have been completed closer to the first of the year, there were too many events in the offing that were likely to impact the economy to take a stab at the broad outlines of an economic outlook nearer New Year’s Eve.
But now that congress and the president have agreed to get the tax increase off the table that they didn’t dare pass while campaigning, clear the children...
Government interference in the economy also adds so many variables to economic performance that the future is too chaotic to predict. For instance, how do you account for a concept as squishy as "quantitative easing" in making predictions for inflation?