The Economy

In the below link this expert in economics explains why he is unable to reconcile sound economics with progressive/leftist/Democrat policies.  Quote:  "Economists, fancying themselves liberal and advocates of the working poor, deny the lessons of hundreds of years of economic theory and history. Most act out of expediency to win favor with the media and powerful politicians."    http://www.newsmax.com/Peter-Morici/economist-liberal-Obama-minimum-wage/2014/06/30/id/579912/

The media and their "go to" experts in economics are working overtime trying to make a bad and worsening economy look good.  But their pretending does not work anymore. Facts don't lie and so called economic forecasters for the past several years have, lets just say, been woefully and consistently wrong.  They and the Administration say we are in recovery but that it is just improving too slowly.  The facts, however, say otherwise.  Things are not improving.  They may even be getting worse.  Quote: "Last week, the establishment press largely shrugged off the awful and ominous news that the economy shrank at an annual rate of 2.9 percent during this year’s first quarter. When they deigned to notice it, they usually told their readers, listeners and viewers that happy days have now returned."    http://pjmedia.com/blog/economy-in-another-recession/

This man says that the state of our economy is nothing to write home about. Quote:  "There are two headwinds that the "Kool-Aid drinkers" at the federal level are still denying, according to Stockman. The first is the fact that inflation in things that matter is accelerating, and the second is that the American household savings rate is plummeting."   http://www.moneynews.com/StreetTalk/David-Stockman-recovery-economy-Keynes/2014/06/30/id/580012/

George Burns