The "good old days" aren't coming back--
Why Obama Can’t Bring Back the 90s Economic Boom: "Analysis by Ethan Pollack at the liberal Economic Policy Institute forecasts that public investment will decline over the next four years. These investments initially surged under Obama because of the 2009 stimulus and currently represent 2.3 percent of GDP, but discretionary spending was trimmed last year in the Budget Control Act to reduce the deficit. According to the Obama budget proposal—which is more generous than the GOP alternative—they’ll slide beneath the Clinton-era average of 1.7 percent around 2016. And because the stimulus supported the fragile economy for the past three years, Pollack expects that “the wind-down in investment as a share of GDP will drag at growth rates.” Given the historically low interest rates on U.S. Treasurys and the relatively high 7.9 percent unemployment rate, it makes sense to many economists to continue deficit expenditures to help the economy—an option that’s no longer prominent in policy discussions between the White House and congressional leaders. Interest rates were not only higher in 1993, but unemployment was slightly lower when the deficit trimming began under Clinton. Read more at http://www.thefiscaltimes.com/Articles/2012/12/06/Why-Obama-Cant-Bring-Back-the-90s-Economic-Boom.aspx#QUMAjbr4SesQvEbu.99
Tweet Follow @johnmpoole
The Big Picture
Financial Crisis - The Telegraph
JohnTheCrowd.com | The Sailing Website
Craig Newmark - craigconnects
- ► 2015 (131)
- ► 2014 (368)
- ► 2013 (380)
- Howard Dean may be right: Let’s Go Over the Fiscal...
- Windows 8 fails on desktop
- Quote of the Year
- Government, Antitrust, and Cartels
- New FCC rules will let a single company own a town...
- Think the U.S. doesn't have debtor prisons?
- Season's Greetings
- Windows XP Tablet -- think what might have been
- Gas tax hike could be part of fiscal cliff solutio...
- Google Revenues Sheltered in No-Tax Bermuda
- Pronouncements, Predictions, and Projections
- State Department Blamed for Benghazi Disaster not ...
- New home sales stagnant, cast shadow on housing
- Susan Rice and her political ambitions
- FTC nominee Joshua Wright to skip Google cases
- WCIT2012 -- the Debacle in Dubai
- McAfee settling into Miami - 'will not go back to ...
- More video from McAfee
- John McAfee - the CNBC interview (video)
- "Do you not know with how little wisdom the world ...
- The 90s Economic Boom Is Not Coming Back
- Declining Jobless rate due to shrinking labor forc...
- UN's ITU Should Be Dismantled says Former White Ho...
- ITU Proves It Is Unfit To Regulate the Internet
- John McAfee: "I wish I could just pack my bags and...
- Sticking With Windows 7
- The Payroll Tax - the problem and part of the solu...
- Cuba, free speech, and internet freedom
- The American brand and DHS
- Final Caveat on Windows 8
- Take Action: Add Your Voice to Keep the Internet #...
- Microsoft Windows 8: welcome to the worst in both ...
- Cat Signal Issued by Internet Defense League
- Early sales of Windows 8 are far below Microsoft’s...
- ▼ December (34)