Now we know why some people call him “Zero.” During his speech at the Democrat convention last Wednesday night, our Dear Reader stated “if you’re someone who’s truly concerned about paying your bills, if you’re really concerned about pocketbook issues and seeing the economy grow, and creating more opportunity for everybody, then the choice isn’t even close.”
Seriously? If Hillary knows how to produce economic growth that’s not zero, she should tell Obama right now. We’ve been waiting 7.5 years.
While 2016’s anemic growth level isn’t an automatic disqualifier for an interest rate increase, the bar just got a little higher.
Friday’s gross domestic product reading fell below even the dimming hopes on Wall Street. The 1.2 percent growth ratein the second quarter combined with a downward revision to the first three months of the year to produce an average growth rate of just 1 percent.
In total, it was far below the Wall Street forecast of 2.6 percent second-quarter growth and didn’t lend a lot of credence to a Fed statement earlier this week that sounded more confident on the economy. (The Atlanta Fed was much closer, forecasting 1.8 percent.)
Let me translate: this economy stinks! Or maybe you already new that from your own personal experience.
Do you think that it’s obvious that Hillary Clinton, with her plans to increase taxes on the productive, is the best choice for those who want economic growth? Please let me know in the comments below.