"Originally posted at Monty
Pelerin's World blog,
Data are hard to deal with when your vision is on the wrong side of it. Those
wanting to claim there is a recovery underway are having just this problem.
These people either have no understanding of economics or they believe falsely
that they can inflate “animal spirits” with their hyped reports and that will
initiate a recovery.
There will not be an economic recovery given the economic policies of
this country. A recovery is not unlikely, I would argue it is closer to
impossible if not impossible. The reasons for this position are not complicated.
In short, the nation has become an out-of-control welfare state that is rapidly
destroying the incentives to work or create jobs. Government policies appear
designed toward this end. One doesn’t need a high IQ or an advanced degree in
economics to understand the problems.
There are innumerable factors responsible for the decline of the US. Only
three important ones will convey why the economy is dying:..."
at http://www.zerohedge.com/news/2013-04-07/guest-post-country-over
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