The answers are fairly straight forward....but they go against an elite ruling political class' dogma...and thus we shall struggle on our never-ending slide to mediocrity...less freedom, less liberty and less economic success - more spending, more debt and more government intervention.
July 31, 2011 excerpts from a WSJ article:
'But the principles are the same: Encourage businesses to expand, rather than government; let markets allocate capital, rather than politicians; liberate entrepreneurs by reining in the regulatory state. The Obama malaise wasn't inevitable and needn't continue. It will end when our political class admits that its nostrums have failed and it is time to once again free the creative energies of the American people.'
'Americans already know that economic growth is flagging, but Friday's second quarter GDP report confirms it: The current recovery, already one of the weakest on record, nearly stalled in the first half of 2011. The economy expanded by a wan 1.3% in the quarter, following a revised 0.4% in the first quarter, and another downward revision in last year's final quarter to 2.3%. This means that for nine months the economy has averaged growth of less than 1.5%, which is barely treading water. At this growth rate a single major shock—such as a European meltdown, or a Chinese slowdown—could tip the U.S. back into recession. What meager growth there was came from exports, federal spending and business investment. Inventories grew slowly and businesses are flush with cash, so there's hope for a bounce off the mat in the second half. But when you add this report to the jobless rate of 9.2%, the flat to falling housing market, layoffs at firms like Cisco and Merck, and capital flowing out of the U.S., it all adds up to a growth recession.'
