What happened to all of the doom and gloom economic threads?

[Byron In Exile]

Now there's a comparison that has no basis in reality. Bravo!

It's firmly based in reality.

The Art of Propaganda was simply in a comparatively primitive stage of development at that time.

 

[Beco]

Yes, eventually.

In life, timing is everything....if you were born say, approx 20 years ago, getting ready to get out of college now and find a job, big news..............there arent any.

go back to school

 

[Frisco_Slug_Esq]

Rumors of congressional Democrats privately expressing disapproval of the Obama administration’s actions and policies have been given more credence by such things as Speaker Nancy Pelosi’s public criticism of White House spokesman Robert Gibbs. But when two longtime Democratic pollsters, Patrick Caddell and Douglas Schoen, called President Obama “cynical” and “racially divisive,” that was a dramatic statement. It was like saying that the emperor has no clothes.

A much more rhetorically subdued but nevertheless devastating implicit criticism of current government spending policies came from an even more unlikely source: the Congressional Budget Office, whose director is a Democrat.

Without naming names or making political charges, the Congressional Budget Office last week issued a report titled “Federal Debt and the Risk of a Fiscal Crisis.” The report’s dry, measured words paint a painfully bleak picture of the long-run dangers from current runaway government deficits.

The CBO report points out that the national debt, which was 36 percent of GDP three years ago, is now projected to be 62 percent of GDP at the end of fiscal year 2010 — and to rise in future years.

...

By contrast, our current national debt is still going up and may end up in “unfamiliar territory,” according to the CBO, reaching “unsustainable levels.” They spell out the economic consequences — and it is not a pretty picture.

Although Barack Obama and members of his administration constantly talk about the so-called “stimulus” spending as creating a demand for goods that is in turn “creating jobs,” every dime they spend comes from somewhere else, which means that there is less money to create jobs somewhere else.

[Bastiat's Broken Windows Fallacy - A_J]

...

When you take money from the taxpayers and spend it to rescue the jobs of one set of workers — your union political supporters, in this case — what does that do to the demand for the jobs of other workers, whose products taxpayers would have bought with the money you took away from them? There is no net economic gain to the country from this, though there may well be political gains for the administration from having rescued their UAW supporters.

The same principle applies to money that came from selling government bonds, thus adding to the national debt. People who bought those government bonds had other things they could have invested in if those government bonds had not been issued.

As the CBO puts it, if the national debt continues to grow out of control, a “growing portion of people’s savings would go to purchase government debt rather than toward investments in productive capital goods such as factories and computers; that ‘crowding out’ of investment would lead to lower output and incomes than would otherwise occur.”

Just paying the interest on a growing national debt can require higher tax rates, which “would discourage work and saving and further reduce output,” according to the CBO.

It would probably do no good to send Robert Gibbs — or Barack Obama, for that matter — a copy of the government’s own CBO report. Spending vast sums of money in politically strategic places helps the Obama administration politically, and that is obviously their bottom line.

Thomas Sowell
NRO
__________________
You loot the private sector, strip every dollar of 40¢ for overhead, and then give the other 60¢ to your political base in order to revitalize the looted.

What's not to like about that plan?
A_J, the Stupid

 

[Frisco_Slug_Esq]

In life, timing is everything....if you were born say, approx 20 years ago, getting ready to get out of college now and find a job, big news..............there arent any.

go back to school

Don't shoot me, I'm just the Player Piano player...

 

[RightField]

That's a pretty devistating analysis "by democrats against democrats". What more has to be said.

 

[Frisco_Slug_Esq]

That's a pretty devistating analysis "by democrats against democrats". What more has to be said.

I would massage your post thusly...

"by Democrats against Ivory-Tower Marxists."

 

[RightField]

I would massage your post thusly...

"by Democrats against Ivory-Tower Marxists."

Good point.

 

[Frisco_Slug_Esq]

I score a touch every once in a while...




Remember, Harvard is only 20%, at best, of the Democrat Party.

They might be fed up to 'ere with the skinny, smart, know-it-all set by now...

 

[trysail]

http://noir.bloomberg.com/apps/news?pid=20601087&sid=aa9e6Qa30fe8&pos=9


I don't know about you but a story like this just makes me wanna puke— talk about your basic Washington, D.C. ( a/k/a "Cancer on The Potomac" or "The District of Confusion" ) worm. If I'd spent a career doing this crap, I couldn't look in the mirror.




Obama Auto Aide Montgomery Leaves Cash, Advice, Confused Mayor
By Holly Rosenkrantz

Aug. 5 (Bloomberg) -- Five months ago Ed Montgomery, President Barack Obama’s emissary to stricken auto towns, awarded Fenton, Missouri, $2.1 million in federal money to help find a tenant for a vacant Chrysler plant.

The factory, which in 2006 was the area’s biggest employer with a payroll of about 6,000 making minivans and Dodge Rams, remains empty, and Mayor Dennis Hancock still has the $2.1 million.

“We’re really struggling with what exactly we’re going to use that money for,” Hancock said in an interview.

The town of 4,360 located 20 minutes southwest of St. Louis won’t have Montgomery to help it decide. He resigned to take a position at Georgetown University, leaving behind not only a befuddled Missouri mayor but questions about what the job created 16 months ago is supposed to accomplish.

To some, like Patrick Anderson, chief executive officer of the Anderson Economic Group in East Lansing, Michigan, the position may be more about politics and public relations than substance.

“Sooner or later, the person in this job will be revealed as having no power,” said Anderson, who has worked as an adviser to the major auto companies as well as elected Michigan officials. “The position needs to go away.”

Obama created the job in March 2009, as he was deciding what to do about ailing automakers General Motors Corp. and Chrysler LLC, which later went bankrupt and were taken over by the government.

‘Hardest-Hit Areas’
Formally called the White House Director of Recovery for Auto Communities and Workers, Obama said its mission was to “lift up the hardest-hit areas by using the unprecedented levels of funding in our Recovery Act and through the government to create new manufacturing jobs and new businesses where they’re needed most.”

Montgomery, 55, spent his final day on the job last week, accompanying Obama to Detroit-area GM and Chrysler plants that the president cited as evidence of the industry’s improvement. Obama visits a Ford Motor Co. factory in Chicago today.

Montgomery says he made more than 50 trips to 35 cities in Missouri, Michigan, Ohio and other states crippled by the auto industry crisis. He listened to the concerns of residents and officials, gave advice and lent a hand navigating federal agencies, by helping with Environmental Protection Agency regulations, for example.

His job, which pays $177,000 a year, was to “make things comes through faster and more efficiently” for towns that have lost auto workers, he said in an interview.

Visit to Fenton
The auto-recovery council that Montgomery headed, which has a seven-person staff and $2.3 million annual budget, lists as accomplishments the awarding of millions of dollars in grants to retrain unemployed workers, and beginning the cleanup of a closed auto plant in Flint, Michigan.

Citing the industry’s addition of about 60,000 jobs since the middle of last year, Montgomery said, “We’ve made some progress and we’ve made some investment in these communities, but the process of working with them is not done.”

Part of his job was to hand out government money, like Fenton’s $2.1 million. The funds come from agencies such as the Labor Department, which has awarded more than $50 million for training auto workers, and from the economic stimulus program, which set aside $75 million for auto communities.

Montgomery’s February visit was “a great opportunity for local and national politicians to get some face time in front of television cameras,” said Mayor Hancock, who doesn’t represent a political party because small towns in Missouri have nonpartisan elections. “Everyone was standing up there making speeches.”

Help for Delaware
Fenton already had spent money trying to sell the plant to no avail, and last month commissioned a study on how to use the federal funds.

Kenosha, Wisconsin, Mayor Keith Bosman said he didn’t get the one thing he was looking for when Montgomery visited his city in June: “Money, money, money.”

Montgomery came to the city “to listen,” Bosman said, and didn’t hand out any aid. “We’ve got a very detailed idea or plan of what we need here,” said Bosman, a Democrat, whose city is also trying to redevelop an abandoned Chrysler plant.

Delaware Governor Jack Markell said Montgomery was “very helpful” after GM decided to close its factory in his state in June 2009. Montgomery contacted Markell in May to inform him that the federal government was dedicating $14 million to fix up the plant.

“Within a few days, he brought us a huge commitment to help us deal with a very difficult situation,” Markell, a Democrat, said in an interview. “The real value added was not a check from the federal government, but a real coordinated response from all the agencies.”

‘Excellent Place’
The White House has yet to name a replacement for Montgomery, who on Aug. 15 will begin his new job as dean of Georgetown’s Public Policy Institute. Most of Montgomery’s career has been in academia.

“For somebody who has been in the university world, Georgetown is an excellent place,” said Montgomery, who has three kids and likes to ride Harleys in his spare time.

Anderson of Anderson Economic Group says American taxpayers shouldn’t be asked to foot the bill for a Montgomery successor.

“There isn’t much substantial that anyone in that job can do to save the auto communities,” Anderson said.

 

[unregistered]

 

[MeeMie]

What's that, you say?

"the government revised payrolls for May and June to show 97,000 fewer jobs than previously reported."

You mean the government revised previously reported figures for May and June?

The June data was revised down significantly. Payrolls fell 221,000 that month, more than the 125,000 drop previously reported.

Let me guess ... they published the revisions in the wee hours of the weekend.


Maybe they can all take a trip to Marbella during their time off. Michelle could put them up in her Mediterranean suite. You know, just like that communist shit about share and share alike.






...

 

[Beco]

WASHINGTON -- The Senate approved a sweeping boost to school nutrition programs Thursday, adding $4.5 billion to bring more meals and more-healthful nutrition standards to low-income children nationwide.

The legislation, approved without a vote under a bipartisan strategy that sponsors hoped could be swiftly replicated in the House, was designed to give added help to jobless and low-income parents as the economy continues to lag and a new school year is about to start.

But the House has already recessed for summer, and quick approval appears unlikely, even though it is returning next week to vote on an aid package for states. The bill's cost is fully covered by other budget offsets, but Democrats are reluctant to engage in additional spending as the fall elections approach. Also, the offsets would come from a food stamp program that liberals are hesitant to raid.

Even so, supporters are pushing the House to take up the measure when it returns Tuesday for one day of votes.

First lady Michelle Obama, who has made childhood nutrition a signature issue, called the bill "a groundbreaking piece of legislation."

WHAT A WASTE OF MONEY!!!

 

[mercury14]

Conservatives show up to masturbate over their C&Ps, rooting for American to fail. Meanwhile the Republicans try to filibuster the Dems' jobs bill that they fully paid for with spending cuts and closing a Cayman Islands corporate tax loophole that was never meant to exist.

Wall Street reacts with a... um... 1% dip. Because we already knew job growth was weak and the census jobs were wrapping up.

But any excuse you guys can get for a right-wing circle-jerk, eh? Carry on.

 

[koalabear]

WASHINGTON -- The Senate approved a sweeping boost to school nutrition programs Thursday, adding $4.5 billion to bring more meals and more-healthful nutrition standards to low-income children nationwide.

The legislation, approved without a vote under a bipartisan strategy that sponsors hoped could be swiftly replicated in the House, was designed to give added help to jobless and low-income parents as the economy continues to lag and a new school year is about to start.

But the House has already recessed for summer, and quick approval appears unlikely, even though it is returning next week to vote on an aid package for states. The bill's cost is fully covered by other budget offsets, but Democrats are reluctant to engage in additional spending as the fall elections approach. Also, the offsets would come from a food stamp program that liberals are hesitant to raid.

Even so, supporters are pushing the House to take up the measure when it returns Tuesday for one day of votes.

First lady Michelle Obama, who has made childhood nutrition a signature issue, called the bill "a groundbreaking piece of legislation."

WHAT A WASTE OF MONEY!!!

You missed the bailout for the teachers union hid in the bill.

 

[IrezumiKiss]

WASHINGTON -- The Senate approved a sweeping boost to school nutrition programs Thursday, adding $4.5 billion to bring more meals and more-healthful nutrition standards to low-income children nationwide.

The legislation, approved without a vote under a bipartisan strategy that sponsors hoped could be swiftly replicated in the House, was designed to give added help to jobless and low-income parents as the economy continues to lag and a new school year is about to start.

But the House has already recessed for summer, and quick approval appears unlikely, even though it is returning next week to vote on an aid package for states. The bill's cost is fully covered by other budget offsets, but Democrats are reluctant to engage in additional spending as the fall elections approach. Also, the offsets would come from a food stamp program that liberals are hesitant to raid.

Even so, supporters are pushing the House to take up the measure when it returns Tuesday for one day of votes.

First lady Michelle Obama, who has made childhood nutrition a signature issue, called the bill "a groundbreaking piece of legislation."

WHAT A WASTE OF MONEY!!!

http://www.thestockmasters.com/images/mcdonalds-fat.jpg

http://ihatemyfatbody.info/wp-content/uploads/2010/05/mcdonalds-disgusting-looking-burger.jpg

http://media1.break.com/dnet/media/2007/6/jun06gal49.jpg

 

[trysail]

More nonsense from the dimbulb economic illiterates.


Like so many of your ilk, you don't even comprehend that what you are is a frustrated closet dictator.


The nanny-state appeals to dolts possessing no self-discipline, no self-control and no concept of deferred gratification.


As usual, they haven't got a fucking clue what the hell they're talking about. They never do. They always fall for scams. If it isn't a Nigerian email, it's some other fantastic scheme like a mortgage with no payments or some such similar impossibility. It's hilarious. They're a bunch of uneducated, innumerate suckers who always fall in line behind the silver-tongued Pied Pipers who promise something for nothing. They're as predictable as night and day— they do it over and over and over again. They believe in perpetual motion, Santa Claus, miracle cures and the tooth fairy— mainly because they have absolutely no idea how the world works. They have somehow managed to persuade themselves that government is the solution to every problem ever known to man.


These are the same people who bankrupted Pan Am, Eastern Airlines, General Motors, Chrysler, Texas International, Delta Airlines, International Harvester, Bethlehem Steel and Penn Central. They never learn. Eventually, it will be discovered that they have bankrupted the U.S. ( hint: they already have ).

 

[unregistered]

 

[trysail]

The repeated failings of the economic dimbulbs are attributable to a faulty, naive and childlike belief in Holy Scripture authored by Grade D educational institutions, William Jefferson Blythe and the biggest charlatan-Pied Piper of them all, Kaiser Roosevelt II.

Government regulation and intervention have NEVER prevented bubbles and the operation of the business cycle. The collapse of economic bubbles has always been followed by false prophets and manipulative opportunists promoting painless quack remedies. The mountebanks never fail to claim the efficacy of their solutions when recoveries occur— as free market economies inevitably do— after the excesses that created the bubbles are purged naturally by operation of markets. The promoters of the simple fixes are as dishonest as the first set of schemers— merely another set in a long line of charlatans, foolish dreamers and would-be dictators.

In the latest episode, demagogues railed and browbeat and threatened and harangued and strong-armed and bullied— anybody with a pulse has a god-given right to a mortgage. Bankers lost their minds and "bought" their own pitches. Greenspan lowered rates to irresponsible and unconscionably absurd levels— all in the name of a quick and pain-free solution to the tech-bubble-insanity and 9/11. The media whooped and hollared about how everybody was getting rich flipping houses. Gurus proclaimed that residential real estate prices never decline. Result: the lemmings drank the Kool-Aid and produced another old-fashioned bubble— just like the tech stock insanity of 1997-2000, just like the commercial real estate madness of 1986-1989, just like the Nifty Fifty of 1966-1972, just like the conglomerate madness of 1966-1968, just like the South Seas bubble of the 1720s, just like the Tulip Bulb insanity of 1636.

The business cycle is and always will be. If you believe otherwise, I've got a bridge I'd like to sell you. The economic illiterates are, of course, excepted because they suffer from severe cognitive and intellectual impairment and it would be beneath my dignity to take advantage of that fact.

http://en.wikipedia.org/wiki/Recession_of_2008
http://en.wikipedia.org/wiki/Recession_of_2001
http://en.wikipedia.org/wiki/1973–1974_stock_market_crash
http://en.wikipedia.org/wiki/Recession_of_1958
http://en.wikipedia.org/wiki/Recession_of_1953
http://en.wikipedia.org/wiki/Recession_of_1937
http://en.wikipedia.org/wiki/1929_Depression
http://en.wikipedia.org/wiki/The_Panic_of_1907
http://en.wikipedia.org/wiki/Panic_of_1893
http://en.wikipedia.org/wiki/Panic_of_1890
http://en.wikipedia.org/wiki/Panic_of_1884
http://en.wikipedia.org/wiki/Panic_of_1873
http://en.wikipedia.org/wiki/Panic_of_1866
http://en.wikipedia.org/wiki/Panic_of_1857
http://en.wikipedia.org/wiki/Panic_of_1847
http://en.wikipedia.org/wiki/Panic_of_1837
http://en.wikipedia.org/wiki/Panic_of_1825
http://en.wikipedia.org/wiki/The_Panic_of_1819
http://en.wikipedia.org/wiki/South_seas_bubble
http://en.wikipedia.org/wiki/Mississippi_Scheme
http://en.wikipedia.org/wiki/Tulip_bubble

http://en.wikipedia.org/wiki/Austrian_Business_Cycle_Theory
http://en.wikipedia.org/wiki/Business_cycle
http://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds

 

[IrezumiKiss]

http://media.onlinesentinel.com/ap/Wall_Street_Jersey_Shore_391225618.jpg

 

[Ulaven_Demorte]

Conservatives show up to masturbate over their C&Ps, rooting for American to fail. Meanwhile the Republicans try to filibuster the Dems' jobs bill that they fully paid for with spending cuts and closing a Cayman Islands corporate tax loophole that was never meant to exist.

Wall Street reacts with a... um... 1% dip. Because we already knew job growth was weak and the census jobs were wrapping up.

But any excuse you guys can get for a right-wing circle-jerk, eh? Carry on.

Actually, after concessions given to the GOP the State Fiscal aid / Jobs Bill not only paid for itself but actually reduced the deficit by $1.3 Billion according to the CBO analysis, and they STILL refused to back it.

So now Republicans are on the record as not only wanting teachers, firefighters, etc. to lose their jobs but also for refusing to reduce the deficit. Bravo!

 

[Sean Renaud]

Actually, after concessions given to the GOP the State Fiscal aid / Jobs Bill not only paid for itself but actually reduced the deficit by $1.3 Billion according to the CBO analysis, and they STILL refused to back it.

So now Republicans are on the record as not only wanting teachers, firefighters, etc. to lose their jobs but also for refusing to reduce the deficit. Bravo!

that's be great in a world where reality and public perception were more closely related than they seem to be in America. In America the Republicans are still (Successfully) claiming that they are better for the debt despite thirty plus years of evidence to the contrary.

 

[mercury14]

Conservatives show up to masturbate over their C&Ps, rooting for American to fail. Meanwhile the Republicans try to filibuster the Dems' jobs bill that they fully paid for with spending cuts and closing a Cayman Islands corporate tax loophole that was never meant to exist.

Wall Street reacts with a... um... 1% dip. Because we already knew job growth was weak and the census jobs were wrapping up.

But any excuse you guys can get for a right-wing circle-jerk, eh? Carry on.

That 1% dip turned out to be a .2% dip.

 

[mercury14]

Actually, after concessions given to the GOP the State Fiscal aid / Jobs Bill not only paid for itself but actually reduced the deficit by $1.3 Billion according to the CBO analysis, and they STILL refused to back it.

So now Republicans are on the record as not only wanting teachers, firefighters, etc. to lose their jobs but also for refusing to reduce the deficit. Bravo!

And they're on record for condoning offshore corporate tax loopholes that were never meant to exist.

 

[Beco]

You missed the bailout for the teachers union hid in the bill.

The O'bamas do know how to spend da cash.....

 

[Frisco_Slug_Esq]

No private sector tire repairman would keep pumping up a flat tire again and again without patching the leak, but that is exactly what our governing class keeps trying. The Obama administration and the Democratic Congress have been pumping the economic tire without patching the trade deficit leak for a year and a half now.

The preliminary data for second quarter GDP, released on Friday (July 30) by the Bureau of Economic Analysis (BEA), show U.S. economic growth slowing from a 3.7% rate in the first quarter to a 2.4% rate in the second quarter. But the details were even worse. A full 1.0% of that 2.4% was due to produced goods that went unsold due to lack of demand. In fact, demand for American products rose at a paltry annual rate of just 1.4%!

The U.S. economy has now been depressed for a full two and a half years, ever since the fourth quarter of 2007. And with the current growth rate amounting to a paltry 1.4%, the near term prospects do not look good at all. The United States is clearly locked in a persistent recession with little prospect for recovery at any time soon.

The details of Friday's data divide up what is produced into five categories. Three describe the sources of domestic demand: household demand for Consumption, business demand for fixed Investment, and Government demand for goods and services. As shown in the table below, these three were up, partly as a result of the many stimulus giveaways of the Democratic Congress and Obama administration, designed to create a "summer of recovery" before November's congressional elections.

Growth In US GDP During 2nd Q

Consumption - 1.1%

Investment - 2.2%

Government - 0.8%

Unsold Goods - 1.0%

Trade Balance - -2.7%

--------------------------------------------------

Total - 2.4%

The worsening trade balance (exports minus imports) caused American demand to leak abroad. During the second quarter of 2010, our rapidly expanding trade deficit reduced U.S. economic growth by a full 2.7%, almost twice the real growth of the American economy. This increasing trade deficit is being driven by the deliberate policies of those governments that have been manipulating trade for years in order to grow their economies at the expense of our industries and economy.

Obama's Biggest Mistake

President Obama made his biggest mistake when he chose to expand the U.S. government instead of requiring balanced trade. In February 2009 he sent Secretary of State Hillary Clinton to China to beg the Chinese government for loans. The Taipei Times reported on February 23, 2009: "In Beijing, she called on Chinese authorities to continue buying US Treasuries, saying it would help jump-start the US economy and stimulate imports of Chinese goods."

We do not know which of the administration's economists urged her to request loans from China but loans have the opposite effect; they encourage imports which has a negative effect on the economy! (See above table.) If she had instead demanded that the Chinese government allow its people to buy our products, we would not have needed Chinese loans.

President Obama's policy has not changed much since then. On July 8, 2010, just after China finished making a miniscule adjustment of less than 1% in the dollar-yuan exchange rate from 6.83 yuan per dollar to 6.78, Treasury Secretary Timothy Geithner issued a report to Congress which pretended that China is not manipulating its currency. But a change of less than 1% makes little difference when the Chinese currency is being kept undervalued by what some estimate to be as much as 40%.

President Obama also lets the other currency-manipulating countries manipulate their trade with the United States. For example, he lets the European courts loot Intel, in order to help Intel's rival AMD, which was lured to Germany through German-government subsidies. And it lets many other Asian countries flood us with products that are kept inexpensive through currency manipulations.

Scaled Tariffs - A Conservative Idea for a way forward.

http://www.americanthinker.com/2010/08/us_growth_slows_due_to_trade_d.html

Unfortunately, Obama will go this way:

With the disappointingly soft jobs report for July, and a faltering recovery overall, is Team Obama getting ready for some sort of new, liberal-left, Keynesian, big-bang stimulus package? Will they be desperate to “do something”?

Already there are rumors of an August surprise (to use the phrase of business columnist Jimmy Pethokoukis) where Fannie Mae and Freddie Mac forgive underwater mortgages held by millions of Americans. And with state and local government jobs having fallen 169,000 year-to-date, perhaps the Democratic Congress and the White House will seek an even bigger spending plan for teachers and Medicaid workers — on top of the $26 billion plan that just passed the Senate.

Or maybe the Democrats will come up with a new infrastructure-spending bill, perhaps for green technologies and whatnot. Or maybe they’ll extend unemployment benefits even more. My liberal friend Robert Reich is even talking up the New Deal’s Works Progress Administration (WPA), where the government employed millions during the 1930s.

With the announcement this week that Council of Economic Advisers chair Christy Romer will leave the White House to go back to teach at Berkeley, it looks like the center of economic gravity will shift leftward inside the West Wing.

Meanwhile, over at the Fed, it seems ever more likely that the FOMC meeting next week will produce a much more dovish policy statement, one that will lengthen the “extended period” near-zero-interest-rate language and hint at new cash purchases of Treasury and mortgage bonds to increase the central bank’s balance sheet and expand the basic money supply. Already, in recent weeks, the dollar has been plunging.

Of course, Republicans will push harder to keep the Bush tax cuts for the wealthy — as they should. But Democrats are now trapped by Treasury man Tim Geithner’s statements that extending low tax rates for successful earners, investors, and small businesses would actually imperil economic recovery. This is his war against investment and capital formation.

Maybe the Democratic revolt in favor of keeping all the Bush tax cuts will gather steam. But Democrats are more likely to push for greater spending than investment tax incentives. They’d rather take your money than let you keep it.

The GOP also should call for lower corporate tax rates, including full cash expensing for businesses. But so far they haven’t made much noise on this, despite the fact that cash-rich businesses are mostly avoiding new hires in the face of the Obamacare regulatory threats and the uncertainty about future tax burdens.

The bottom line? Panic over this stalled economy may be setting in.

http://article.nationalreview.com/439001/a-democratic-panic-attack/larry-kudlow