Friday, July 29, 2016

The Obama Boom Continues

Second quarter GDP up 1.2 percent (that is actually the same as the Eurozone, 0.3 percent for the quarter, the 1.2 percent number for the US is annualized, unlike the Eurozone number).

So, same old, same old.  Buoyant forecasts, abysmal results.  Never in American history have we seen a recovery like the pitiful showing of the past seven years.  But, this is what over-regulation and big government guarantee. Don't expect anything much better in the future.  This is the new normal, even though forecasters will continue to predict that prosperity is just around the corner.

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