The
Commerce Department said on Wednesday gross domestic product fell at a 2.9
percent annual rate - the economy's worst performance in five years, instead of
the 1 percent pace it had reported last month. Our economy's growth has again
fallen below 'stall speed.' This means not only that any recovery has stalled,
but also that we might be trapped in an economic 'death spiral' and revealing
the nasty truth that the Great Recession of 2009 never really ended. Our
spendaholic, taxaholic politicians are choking the life out of this economy. They
are frightening would-be investors with uncertainty about future taxes,
regulations and penalties. And they are poisoning the environment needed to
produce jobs, prosperity and optimism. [more...]
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