Where is the US economy headed?

This person is new to me but he seems to know what he is talking about.

He covers many other issues in this video other than social security.

Good evening.
I was surprised at how much coverage the Fed Reserve's meeting got in the media tonight (at least on NPR).
> The Fed decided to keep interest rates at near zero as they have been doing for awhile.
> They commented that the growth in the U.S. economy will likely be at around 2% this year vs the 3% projected earlier. Much of that could be do to weakness here as well as in Europe, China and (reported today) Japan.
> The unemployment rate is likely to remain near current levels.
> Inflation will likely come in at 2% per year for awhile.
This meeting of the 17 members of the Fed Policy Committee had something new. The players were asked to predict (repeat: predict) when interest rates might rise. The bell-curved consensus was the end of 2014, which is later than many economists expected. There is no guarantee that it will be that long, but the bond market (and the stock market) rose on the news.
I follow, by the way as some of you may know, the CPI-W index, which is the measure of inflation used to determine the increase in social security benefits for retirees. For 2011 overall, it was up 3.56%. The actual time period used for us old folks is the 3rd Q.
Watch for there to be an effort to switch to another index. Not before the next election, of course. But eventually.

That naturally boosts the stock market, because people will put their money where they think will gain more - especially with some assurance, that treasury rates won't change for over 18-months.

Europe seems to be in big trouble, but no more than any other economy; we're all sitting today in the same position we all did about three years ago. The weakest Euro countries didn't have much in international trade then, and they still don't. The stronger countries will struggle along as they have for the near-term foreseeable future.

As for inflation in the US, I don't see the signs of it based on our economy, and the current unemployment rates. Money is still tight for the majority of Americans, and that's not going to change any time soon.

That's how to pull the sticking plaster off. A bit at a time. Little ouches.

With debt levels as high as they currently are both the U.S. and European governments need to keep interest rates low for as long as possible. That plus the growing political control and influence over central banks make most of our traditional defenses against inflation a bit thin and likely ineffective. Here in particular the massive injections of liquidity into the banks by cheap Fed loans with printed money has created an enormous built in potential for future inflation once the economy starts to heat up. Very hard to predict now what might happen in that area, but the dangerous potential is indeniable.

Conservatives continue with their message of fear, and its been working for a few decades now. But most Americans are now in the position to know that trickle down hasn't worked since GW Bush's 2002-2003 tax cuts. Most are still waiting for those promised jobs - instead, they lost jobs and homes, and the conservatives continue on with their message of "no more spending" to reduce the deficit, while giving the richest bigger tax breaks.

The latest CBS poll on Obama's SOTU speech is revealing; over 80% approve of Obama's message of equal sacrifice, and taxing the rich more. They finally understand that their pay and benefits have not kept up with inflation during the past three decades, while the wealthy increased their wealth 300-fold and pay lower taxes than Buffet's secretary or school teachers, and they're beginning to feel it in their pocket books, while governments continue to cut back on services. Libraries are being closed, national parks are being closed, the roads are in bad repair, and school buildings are a danger to our children.

The republicans now want to cut government expenditure by cutting social security and Medicare, and giving more tax cuts to the wealthy.

How long can this go on before people realize their own security is being destroyed by the No Party? No more spending, and no more taxes.

But let's keep fighting our wars, because we want security for those people living half world away from us!

Obama continues to make the US economy worse... his chosen
path/policy can only result in sliding down hill further and faster.

waterboy didn't understand a word Ron Paul said to congress. w-w-w-a-a-a-a-a-y-y-y-y beyond his comprehension level.

It is sad that he does not go out and research other view points in an unbiased way.
This next video is more on topic with where the US economy is headed. It seems that there are many people educating them selves on what is really going on and speaking out against it.
We have a long way to go but the truth is spreading and maybe one day even people like H2o man will know the truth when he finally accepts that he may be wrong in his understandings. I would not bet on it though.

It's hard to believe Ci is such an ignoranus, but it's true.

Instead of showing how much you disagree with someone why not share with us your non biases research and challenge us with evidence to prove your case. You will also need to fact check other people's research to see if it is credible as well.

Why don't you, Ci, Frank, Cyclo and others set and live the example you have recommended for me to follow.
You will need to confirm, verify and experience everything 3 times before you post about it.

You will need to confirm, verify and experience everything 3 times before you post about it.

This is not what we asked of you, do you not understand what I am asking?

Was I not clear?

Please follow your instructions.

We wouldn't want you to commit a foul...

Obama lies & the economy dies




Obama’s “Insourcing” Agenda: Punishing Job Creators for Competing Overseas

Obama's energy policies hurting U.S.?


Obama's Fiscal Policies Hurting Small Business?

50% Say Obama’s Policies Have Hurt the Economy

How the Obama Administration is Hurting Job Creation


Steve Wynn Explains Why Obama Policies are Hurting US Workers

I find it funny that all of your links are months if not years old.

Do you always live that far in the past Spurt?

This may come as a big shock to you, but Obama has been in office for more than 3 years.

I find it funny that you don't address any of the information covered in the linked articles... you are a coward.

Can't you at least try and say something intellectual? I think that if you tried you could but you choose not to research in a unbiased way.

Why would I waste my time and challenge you with an intellectual
response, you Obama apologists are operating @ an 8th grade level...

Have someone read the linked information to you and explain it to you in Obamaspeak.



Obama’s “Insourcing” Agenda: Punishing Job Creators for Competing Overseas

Obama's energy policies hurting U.S.?


Obama's Fiscal Policies Hurting Small Business?

50% Say Obama’s Policies Have Hurt the Economy

How the Obama Administration is Hurting Job Creation


Steve Wynn Explains Why Obama Policies are Hurting US Workers