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Budget crunchers now expect a
permanently weaker economy

Washington Examiner, by Joseph Lawler

Original Article

Posted By:KarenJ1, 8/28/2014 10:20:45 AM

The economy´s best days are behind it, according to Congress´ budget crunchers. The Congressional Budget Office is now creating its budget projections using the assumption that the economy will never grow as fast as it did in the years before the recession. The CBO updated its fiscal projections Wednesday, and they reflected its new gloomy view that the future of the U.S. economy is one of slower growth and lower productivity. “They think that we will get back up to potential growth,” said Loren Adler, an analyst at the Committee for a Responsible Federal Budget, “but they make it clear that they think

Comments:
I don´t understand. Obama just told us we experiencing "the longest streak of private sector job creation in American history." And yet the Republicans keep pushing for immigration that will worsen the problem. Democrats and their insane ideology are instruments of destruction.

      


Post Reply  

Reply 1 - Posted by: aasilver, 8/28/2014 10:36:37 AM     (No. 9984399)

We need to add 350,000+ full-time jobs every month to keep up with the growing population of the USA. We have been adding 225,000 part-time jobs each month for the past 5 years.

Do the math people. The USA has gone over the cliff under the messiah and is going to go splat VERY soon.

Communists count on countries destroying themselves in order to be taken over.

We are almost there thanks to an uneducated, indoctrinated population.

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Reply 2 - Posted by: JimBob, 8/28/2014 11:14:43 AM     (No. 9984465)

The flood of new regulations is drowning what once was the ´Can Do´ spirit of America.
I can remember when, if the Fed lowered the interest rates, the economy would take off, and inflation became a huge concern. Now the interest rates have been as low as they can go for several years, and no spurt of activity. It seems to me that over-regulation is the thing holding the country back.
As President Reagan said.... ´Government is not the Solution to the problem. Government IS the problem!´


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Reply 3 - Posted by: kate318, 8/28/2014 11:24:46 AM     (No. 9984484)

These are the kinds of things the NRCC needs to make political ads about.

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Reply 4 - Posted by: Shucky, 8/28/2014 11:34:41 AM     (No. 9984503)

Everyone thought like that during the Carter years, until someone came forward to say that our best days are ahead of us. And that´s what made that someone great.

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Reply 5 - Posted by: jeffkinnh, 8/28/2014 12:47:44 PM     (No. 9984628)

Exactly right #4. The government has no real vision. It cannot imagine new successes. Look at the articles about fracking and energy independence coming out, in spite of the government trying to prevent it. Every time the liberals are in charge and their policies start to destroy the country, there come reports that we face a permanent downturn. It´s not the liberal´s fault. It´s just the way things are. Justification for liberal failure.

Then a Conservative gets in charge. The government simply gets out of the way and private enterprise finds new ways to supercharge the economy.

Yup, a weaker economy is what we will face if liberals remain in charge. An guess who will pay the price? The liberal constituencies. Seems fair. BO is big on fairness.



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Reply 6 - Posted by: strike3, 8/28/2014 12:57:27 PM     (No. 9984645)

I hope that the "budget crunchers" have taken into consideration the fact that many growing countries have taken more market share and surged ahead in technology in the gap left by obama in our deliberately-destroyed dominance. By the time we get back up to speed, we will be so far behind in the race that we will take decades to catch up. Otherwise, their dire predictions can be considered overly optimistic.

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