Are We Getting Used to a Crappy Economy?

March 8, 2013 07:39

What if today’s sluggish economic growth turns out to be the new normal? – Michael Barone


By Michael Barone at National Review Online


Politicians have been searching for policies to restore the status quo ante bubble. But in a slow-growth, new-normal economy, it doesn’t make sense to borrow to buy a house whose value will only stagnate. It doesn’t make sense to take out college loans for a degree that won’t get you a job.


Barack Obama has been trying to stimulate the economy with record-high government spending funded by higher tax rates and Fed chairman Ben Bernanke’s low interest rates. But as Stanford economist Michael Boskin points out in the Wall Street Journal, “Japan tried that, to little effect, in the 1990s.” Slow growth has become the new normal there.




The Gross National Debt


Also please consider:

Has Obama Already Bankrupted America?

9/12 – the Manhattan attack that gave us Obama

Obama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good

Debt quotes

Obama’s Achievement – Gov’t Has Become Gigantic Wealth-Transfer Machine

An Infinite Amount of Money – Et Tu, Italy?

Next Wave Of The Economic Collapse Is Almost Here

Progressive Denial

It’s No Longer “the Economy, Stupid” It’s We the People are Stupid

Our Keynesian Depression

The Economic System That Time ( and GOP ) Forgot

Why Should I Care About the U.S. Debt?

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