Wesbury’s Outlook – Harleys, Bourbon & Denim
The US doesn't face "secular stagnation" caused by outside or uncontrollable forces, like foreigners (and bad trade deals), technology that steals jobs, or Unions that are too weak. Growth is slow because government has grown too big. In 2000, non-defense government spending was just 14.7% of GDP. President Bush's "compassionate conservatism" - followed by TARP, [...]