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A blog post from The Conference Board says the biggest obstacle to the U.S. economy is the "slow...

A blog post from The Conference Board says the biggest obstacle to the U.S. economy is the "slow pace of job growth and the small increases in hourly wage rates." Households are using what savings they have to pay down debt - instead of spend more - in another factor that could keep consumer spending low well into 2012.
Comments (8)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    The biggest obstacle to the US economy is on a well deserved vacation.
    22 Aug 2011, 12:28 PM Reply Like
  • Steve B. Wise
    , contributor
    Comments (122) | Send Message
     
    Filing this one under, "Well no sh*t Sherlock!"
    22 Aug 2011, 12:36 PM Reply Like
  • inthemoney
    , contributor
    Comments (981) | Send Message
     
    To compensate for that taxes should be decreased on workers and increased on corporations, which rip the benefits from the lower wages. That will rebalance the economy.
    And don't tell me that it will destroy jobs. Corporations don't create jobs just because of their low taxes ( I mean the MNCs that pay less than 10%). As long as there is demand corporations will create goods and create jobs to produce them. Right now the demand is falling because workers losing their spending power. Corporations act like a parasite, they progressively doing better and better as long as host lives. But without the host they cannot live themselves.
    22 Aug 2011, 12:54 PM Reply Like
  • DLC Camden
    , contributor
    Comments (35) | Send Message
     
    On top of the bleak outlook in jobs and growth in the economy, I'm sure that no projected costs use an accurate measure for how quickly the "gimme dat" population sector is growing.

     

    "The child poverty rate is up 18 percent since 2000, according to the Annie E. Casey Foundation's 2011 Kids Count Study. The study ranks Louisiana and Mississippi as the worst states in terms of kids' and teens' education, economic standing, and birth and death rates."
    www.aecf.org/MajorInit...

     

    Granted, some of these are legit victims of the economy, but the truth is that far more are the result of the ghetto populations that breed at 3x the rate as the taxpayers that support them. Also factor in the economic damage from more and more cities being run into the ground. Philly is sinking like a stone, for example.
    22 Aug 2011, 01:07 PM Reply Like
  • AFXM.COM
    , contributor
    Comments (35) | Send Message
     
    "The study ranks Louisiana and Mississippi as the worst states in terms of kids' and teens' education"
    Texas must be the 3RD WORST THANKS TO GOVERNOR RICK PERRY. I thought it was the worst. Thankfully he was stopped from making toll roads out of the interstate highways.
    22 Aug 2011, 01:36 PM Reply Like
  • AFXM.COM
    , contributor
    Comments (35) | Send Message
     
    I forgot to mention that if you have a child that rides a school bus to school, it is going to cost you $400 per year for each child. THANKS TO GOVERNOR RICK PERRY.
    22 Aug 2011, 01:39 PM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
     
    DLC: Isn't it true that the next Mad Max, Road Warrior sequel will be filmed in Philly during the next Flash Mob (5-finger, 2 legged discount) shopping spree?
    22 Aug 2011, 01:33 PM Reply Like
  • warrenrial
    , contributor
    Comments (559) | Send Message
     
    The biggest obstacle is Obama.
    22 Aug 2011, 01:39 PM Reply Like
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