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Posts Tagged ‘Macroeconomic Advisors’

Our Government Remains a Joke!!

Posted by Larry Doyle on October 15th, 2013 8:49 AM |

If our supposed leaders holding public office in Washington were not so pathetic, they may actually be comical.

But there is little to laugh about when we learn just how much the dysfunction in Washington costs our economy. The Financial Times highlights this morning:

Economists are scrambling to assess the damage inflicted on the US recovery by the government shutdown and its second close brush with default in as many years.

But the bigger picture is that the political paralysis surrounding US fiscal policy, with recurring feuds and brinkmanship on Capitol Hill, has already taken a massive toll on the country in the past three years.

In a report released on Monday, Macroeconomic Advisers, the research group, found that America’s budget fights have cost more than 2m jobs and slowed annualised economic growth by 1 percentage point of gross domestic product since 2010. (more…)

What’s Wrong in America? Laurence Meyer ‘Nails It’

Posted by Larry Doyle on June 27th, 2011 10:55 AM |

It is not often that I witness an individual pierce through the smoke and mirrors that disguise our nation’s central problems and state succinctly what Sense on Cents believes so strongly. I had the benefit of capturing the wisdom of just one such individual this morning.

I welcome sharing the wise perspective of one Laurence Meyer, as highlighted in today’s Wall Street Journal,

MEYER

“I think [pessimism about the state of the country] has absolutely nothing to do with the current cyclical state of the economy. It’s not our budget deficit. It’s not China. It’s our education deficit. You can’t be 20th in the world in every field and be a competitive economy.  (more…)






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