President Obama can’t stop talking about the 1 percent of people who he says don’t pay their fair share of the nation’s taxes. But he should be obsessing about a 1.5 percent — the rotten growth rate produced by the once-mighty US economy in the second quarter.
The slowdown announced Friday — on top of another slowdown in the first quarter — is further proof that the president’s class-warfare economic rhetoric and policies are pushing the country perilously close to a double-dip recession.
The numbers are pretty stark: Growth of 2 percent for the first quarter was already scary, down from around 4 percent at the end of last year. A few years out of a stiff recession like the one we had, the economy’s normally roaring, not sagging back down.
Read more: http://www.nypost.com/p/news/opinion/opedcolumnists/shrugs_as_economy_sags_I7TriIHWfhTA6AKpXL1JVP#ixzz227oneub0
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