Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I find it interesting that FOX says the acceleration will be due to the fact that GOP may not sabotage the economy by playing debt ceiling and government shut down games like that have in the past few years. Too bad the GOP did not allow this acceleration to occur sooner, because the nation really could have benefitted from it.
In other words FOX blames the GOP for the stagnation.
The Fox Business article is almost a year old! We're almost to 2014, and the economy hasn't improved one iota. Do you think that, come January 1, suddenly we're going to be in "La La land?"
Doubtful, and with the continued negative affects that ObamaCare is going to be having on people's finances, and all the other negatives it is bringing on, I think we're in for a lot more pain and suffering in 2014. That train wreck called ObamaCare isn't going to go away anytime soon. It's getting worse, day by day.
I find it interesting that FOX says the acceleration will be due to the fact that GOP may not sabotage the economy by playing debt ceiling and government shut down games like that have in the past few years. Too bad the GOP did not allow this acceleration to occur sooner, because the nation really could have benefitted from it.
In other words FOX blames the GOP for the stagnation.
You think a government shutdown hurts the economy? lols.
Last edited by CaseyB; 12-18-2013 at 10:06 AM..
Reason: personal
The last few "booms" have all been bad for the country and if this one happens it will be no different.
the manufacturing boom after WWII was a good thing. The artificial tech and housing booms have harmed the country just the same as a artificial monetary boom will in the end.
Given that a huge acceleration has been predicted by some bank or another to happen every year since 2010, I'll believe the 2014 acceleration when I see it. That's the bottom line.
Since the variations in growth since 2011 have not been correlated at all to federal budget deals, if the GOP is having any effect I'd say it's insignificant, especially since federal spending remains at historic highs and the "cuts" are miniscule. If anything I'd say the article makes a case in favor of cutting spending to stimulate the economy, since they say growth will be higher after a period of adjustment. The idea that government spending increases net growth is ridiculous, considering that the source of that spending is the economy itself (either directly via taxes or indirectly in the future via borrowing (i.e. future taxes or inflation)), so unless there is significant value added, such as a needed new bridge or some such, the impact on growth will be flat or negative due to the opportunity cost of government spending.
The last few "booms" have all been bad for the country and if this one happens it will be no different.
the manufacturing boom after WWII was a good thing. The artificial tech and housing booms have harmed the country just the same as a artificial monetary boom will in the end.
I think the tech boom improved the country as whole. Not the tech stock boom, but the technological improvements themselves did.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
