Saturday, July 3, 2010

So THAT'S why the economy is screwed

Bob Stein lets us know why companies aren't hiring over at The Corner:

As a result, the economy can grow at close to a 4 percent annual rate for 2010 despite a subdued willingness to hire that likely has roots in the expansion of the size of government and the looming new health-care entitlement that starts in 2013.  


And here I thought it was depressed demand caused by the crash in housing prices and a credit crunch. In fact, a survey of businesses found that their biggest problem was... lack of sales. But sure, let's just twist any data point to fit our personal (often incoherent) ideological viewpoint.

2 comments:

  1. Bob Stein is co-economist to Brian Wesbury over at First Trust.

    They actually argue, get this, that the collapse of the economy late 2008 was actually a panic caused by government intervention.

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