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  • norrishappy norrishappy Jan 6, 2013 10:06 AM Flag

    Tepid Job Growth Fuels Worry WSJ January 5 Sueep Reddy

    But the latest jobs data indicated little potential for accelerated hiring in the new year. Growth is expected at best to continue at a moderate 2% pace, barring new shocks to the economy. Prospects for a stronger upturn, at least in the first half of 2013, remain slim. Many economists worry about losing even more ground, especially as lawmakers launch a potentially risky political battle this winter over raising the federal debt ceiling.

    The U.S. economy grew at an average annual rate of 3.6% from 1950 through 1999 but has since slowed to less than 2%, prompting an economic debate over whether the post-World War II boom can again be duplicated.

    Since the recession ended 3½ years ago, economists have been divided over long-run growth prospects after the downturn pushed millions of Americans out of the labor force. Looking forward five to 10 years, the argument goes, annual U.S. growth may reach a ceiling of 3% and unemployment could settle at a rate above the 5.7% annual average recorded during the last half of the 20th century.

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    • The question of the long term value of LINE like being able to deal with the massive unsustainable debt Obama is running up is economic growth.

      However, the Obama agenda has down shifted our growth rate to that of Europe. With structural high unemployment even in economic expansions. Of course the end game was financial bankruptcy proceeded by the moral bankruptcy. Moral bankruptcy caused by replacing traditional religion and attending morals with delusional Global Warming belief driven by irrational emotion.

      With our new oil, natural gas and coal made available to America by our entrepreneur these is no reason America cannot return to at least a long term 3.6% growth rate. Our large corporations are maintaining earning growth on digital age productivity gains.

      American natural gas will one day sell at the world price in relationship to oil. A rational person would be staggered to understand capital investment in our economy was less that at the peak of the crisis in 2008 last quarter EVEN WITH the ongoing investment in our domestic energy.

      Whether Global Warming is real or not is completely irrelevant to the Obama insanity and corruption of base load alternative energy. It does not address the claimed problem with co2 in anyway but it does have massive cost which lowers our living standards and lowers our long term economic growth rate.

      The sound economists are not debating whether or not the American economy can grow at our long term rate of 3.6%. They are debating whether or not we will empower Progressive to lower it in their delusions.

      It is true the average American does not manage America as we were designed to do. But that is more a function of our largely completely dishonored and dishonorable press.

      It is not about point of view but rationality and objectivity in information. Outside FOX and the WSJ complex it is very far and few between. Journalists who do step up and accept their sacred duty to inform our free speech sadly do so at the risk of their careers and they have families to attend to like the rest of us.

      Our duty is to take the time to be objective and rational in which news sources we consume.

      There are reasons the OLB troopers refuse to reason; iron sharpens iron, while demanding all opinions be taken at face value as equal. That they are experts when they clearly are not and deceptive to boot.

      • 1 Reply to norrishappy
      • There are reasons the OLB troopers refuse to reason; iron sharpens iron, while demanding all opinions be taken at face value as equal. That they are experts when they clearly are not and deceptive to boot.
        Not all of us believe or subscribe to your narrow minded affiliation of others. In your WSJ renedering of a closed mind by lumping everyone together as you do. We are all individuals. You could be included but your narrow minded thinkong and obstruction of truths about othes lends to your non credabilty on this board and other b oards. Why do so many people dislike you here and on other boards. It couldn't be becuae of your forceful narrow minded thinking could It?

    • The U.S. economy is expected to take a sizable hit from one piece of the so-called fiscal cliff deal approved by Congress this week. While the agreement averted broad income-tax increases and spending cuts, consumers will see take-home pay shrink this month after expiration of a payroll tax break, increasing the withholding for Social Security to 6.2% from 4.2%. Smaller paychecks are expected to dampen consumer spending and the economy, even with a quick resolution of the looming debt ceiling fight.

      The private sector would be "poised for strong growth if left to its own devices," said J.P. Morgan chief economist Bruce Kasman. "We certainly avoided the worst fears around the cliff. But we still have a large, front-loaded drag ahead of us" from the higher payroll tax and other potential government-spending cuts ahead.

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