Our nation is trapped on an economic treadmill. It is moving, but going nowhere.
The money printing by the Fed under its quantitative easing policies (QE1 and QE2) ignited the stock market, but created no significant bump in the economy.
The stimulus money that was spent at the end of Bush II, and the first two years of Obama, was aimed at supposedly “shovel-ready” infrastructure projects with the idea that the money would “trickle down” to the man-on-the-street who would spend it.
Well, something happened on the way to the mall, because it didn’t make it. Read More»