In the famous Seinfeld episode, the Soup Nazi says "No Soup for you" to George Costanza. Its a classic episode and it reminded me of what the GDP numbers were today for our country. The economy is being held together by artificially low interest rates, government "stimulus" and the American people's overly consumptive needs. We like stuff and we never can get enough of it, even if we do not need it. With unemployment so high, I just do not understand why BO and MR dont understand how important it is to get people working again. The problem is that the jobs companies want to hire for, are not jobs alot of Americans are skilled in....hence the problem.
I guess we can lower our expectations and say that 2% growth is the new 4-5% growth.....isnt that exciting America...strive to be the best or just better than the other underachievers.....
Happy Friday!