Conference Board Economists: U.S. Economy Transitioning To A New Normal

"The economy that we had before the recession is gone," said Kenneth Goldstein, economist at the Conference Board. "It's not coming back."

The U.S. economy is transitioning to a new normal in which businesses invest less and consumers spend less than before the recession, Goldstein told The Huffington Post in an interview last week. As a result, he said, economic growth and job growth will be slower than before.

He said that businesses, consumers and the government would need to spend at least $1 trillion more than they are likely to spend in order for the economy to return to its pre-recession growth rate. But he added that no one is willing to spend the money necessary to jumpstart the economy, since the government is cutting spending, consumers are saving more, and businesses expect a lower return on their investments.

Webmaster's Commentary: 

Forget contraception and who pays; forget gay marriage; these are only the smokescreens with which politicians want you to busy yourselves before election day this year, so you don't pull back and look at the big picture.

THE questions every thinking American have to ask themselves are,

1. am I better off economically than I was 4 years ago?!?

2. Have these illegal and immoral wars, which have cost this country so deeply in blood and money, actually brought more security to the people of the United States?

3. What alleged "positive" outcome has come from the war in Iraq, save for displacing the Sunni Baathists with Shiites, which are sympathetic to the Iranian government, and the breakdown of Iraq into a state of near-sectarian civil war?!?

4. Who in the Federal Government can possibly give you a metric by which the US has "won" in Afghanistan, when it appears that the only entities "winning" are the drug lords, the banks which launder their money, and the huge defense corporations, making money hand over fist by supplying mercenaries, logistics, and supplies?!?

These are the questions which every thinking American needs to ask themselves before they go to the polls next November. It is obvious that the candidate so many of We the People want as the next President, Ron Paul, is being cheated out of any realistic chance to run, so we have the "manufactured" candidates from which to chose.

And IF the Republicans have the temerity to "draft" Jeb Bush at a brokered convention, we might as well all stay home and not vote, because any semblance of real "choice" has been ripped right out of our hands.

Posted on Feb 13, 2012 at 09:42
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