Friday, October 30, 2015

Weak Economic Numbers Are Getting Weaker

Earlier this week, GDP for third quarter was announced by the Commerce Department as 1.5 percent, versus 3.9 percent in the second quarter.  Not much doubt about the trend here.

Today's personal income growth for the month of September checked in at barely positive.

For the average America, this data says more sluggish income, no chance of rising living standards, and continued demagoguery from the very folks that have created this nightmare -- the folks in the White House.

Until free markets are permitted to breathe again, there is no likelihood of improvement for the average American.  The only winners of the Obama-Clinton economic gameplan are those on top of the stagecoach, riding around in their limousines and jet planes, piously decrying inequality.  They should know. 

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