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The US economy is growing with about 2% a year. Why should US expect anything more? Especially when Europe is in a recession and congress is doing absolutely nothing.
I think the lack of growth in the US is mostly due to a too rigid economy, and lack of potential growth. It's not about liquidity.
And US has a policy instrument to use. It's called QE, but it does not work because US main problem is not lack of liquidity.
Because if we didn't have a promise of future taxation through a national health care system, spending would not be so low as to keep the funds rate down. We don't have liquidity because we pushed through promises of future taxes when the funds rate was at such a low level. If we would have waited until the economy stabilized and the funds rate was away from the bound, the hit the economy took because of Obamacare would not have been as great, and the economy would have grown at more than 2% annually.
wow, where are you getting your information? The highest it was and only for a very short time was 7.5% in May of 1980, the month before it was 6.9% and right now, it is the lowest it has been in years: 7.6%. So how are you coming up with the information it was higher in 1980? Another fact you are forgetting or if you even knew this: people are now going to work part time and many are under employed because they have run out of unemployment benefits. In the 80s unemployment benefits didn't last for 2 years, plus people were not forced to take jobs they were over qualified for because the economy was nothing like it is today.
Well, let's say that Hillary wildly downplayed the legacy of Martin Luther King Jr (which she did), and joined in when Tim Russert decided to hector Obama over and over on Louis Farrakhan for no real reason (which she did). And let's say that her husband claimed that Obama's South Carolina win was no different than Jesse Jackson's in the 1980s, and then accused Obama of "playing the race card" when people got upset over it, and then denied having said it (he did). And let's say that Geraldine Ferraro, as a Hillary supporter, proclaimed that being black was a massive *aid* to Obama, despite America being all...America-ey, proclaimed that brushing off your shoulders was an insult to women, and then wrote an Op-Ed claiming that white people are the true victims of racism (which she did). And let's say that a Hillary supporter was taped screaming about how Obama was an "inadequate black man" (which happened).
Granted, a lot of black support for Obama was because he managed to win Iowa. But before this, most black people assumed that he either couldn't win, or that he'd be killed. but there really wasn't much difference between the two policy-wise, and Hillary's own campaign was a mess, so there really wasn't much reason to vote for her over Obama. I mean, if you really wanted an individual health insurance mandate, or a leader who wouldn't say that they'd take out Bin Ladin, then sure.
Obviously Hillary did not run the greatest campaign. I think the MLK gaffe was overblown. I am sure you could find crazed Obama supporters making sexist remarks if you looked hard enough.
I guess I see nothing wrong with blacks voting for a black candidate over a white candidate with similar positions on the issues. I know many blacks celebrated on election night 2008 a bit heavier than say election night in 1996 and I do not blame them one damn bit.
Yes, were it not for racist blacks Hillary Clinton would be President.
Truer words have rarely been spoken. Even NBC's political correspondent Chuck Todd called blacks out on that. He said "The magic number is 50%. If Hillary had had 50% of the black vote, she would be the nominee."
When you have an out-of-control tax and spend liberal in the White House who's addicted to Keynesian economics you're going to have an anemic 2% growth in GDP; as long as he continues to smother the economy in taxes and regulations such as ObamaCare & Dodd-Frank, corporate America is going to continue to hunker down, keep staggering amounts of $$$ overseas, and deal with his idiotic policies as best they know how.
He's too consumed with boosting union membership, as well as siding with uber-radical environmentalists just like himself even if it results in a comatose energy policy and much higher than normal gasoline prices thanks to deliberately destroying the value of the dollar and the savings accounts of seniors simultaneously.
When environmentalists, win, and they've been winning REALLY big with this administration, everybody else loses; look no farther than what they and the civil service unions have done to Detroit and California, as if you need anymore overwhelming proof.
Blacks were the hardest hit during that recession. yet they still approved of Carter's performance.
What was the reason?? Was it Carter's race that they so loved, because conservatives seem to think that Blacks supporting an incumbent President during a recession = some sort of racism. Or does that racism rule only apply to Black presidents and not White Presidents.
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Another fact you are forgetting or if you even knew this: people are now going to work part time and many are under employed because they have run out of unemployment benefits. In the 80s unemployment benefits didn't last for 2 years, plus people were not forced to take jobs they were over qualified for because the economy was nothing like it is today.