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The Spending Sequester Will Grow the Private Economy -- Don’t Back Off

rchrusniak Wrote: Jan 31, 2013 8:16 AM
Who is this Larry Kudlow, another political hack journalist for the Obama team? Yeh, our economy looks very 'good' with it contracting and the only thing looking 'good' according to Kudlow is the soft side of it. A retired person on pension and social security intake of $30,000. pays in income taxes about $2400., and that includes some taxes on his/her social security. But expenses outweigh income. Home insurance is $2,000 etc. other bills account for $8,000. That leaves $1500. a month to live on. Good luck!
Blair43 Wrote: Jan 31, 2013 10:28 AM
Kudlow is a nationally syndicated economist with his own economics show on MSNBC, but if you watch his shows rather than jump to conclusions, he's actually a down-to-earth supply-side economist - not an Obama lap-dog. And note that he isn't saying that things couldn't be better, he's simply saying that there are signs that things could be MUCH better if government would stop spending.
James T.2 Wrote: Jan 31, 2013 10:54 AM
Knee jerk reactions aren't just made by Liberals. That said liberals rarelly do anything else.
roarkstyle Wrote: Jan 31, 2013 11:06 AM
Yesterday's report of a 0.1 percent GDP decline for the fourth quarter came as a surprise to most forecasters. But it actually masks considerable strength in the private economy. Namely, housing investment in the fourth quarter jumped 15.3 percent annually, business equipment and software spiked 12.4 percent, and real private final sales rose 2.6 percent. All in, the domestic private sector of the economy increased 3.4 percent annually -- a very respectable gain.
And here’s one for the record books: Working ahead of year-end tax hikes, individuals shifted so much money to the fourth quarter at the 35 percent top rate...
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