Wall Street Journal: U.S. Economy Likely to Perform Poorly Over Next Decade

Wall Street Journal Article - U.S. Economy Likely to Perform Poorly Over Next Decade - By Luca Di Leo - January 3, 2010
This article points to the fact that the past decade 1999-2009 saw the worst growth (1.9% GDP) since the 1930s. And, "The economic recovery seen from the second half of 2009 has been driven by a government stimulus that will be fading in 2010." Also, "the large debt accumulated to counter the crisis will be a major headache for the U.S. economy."

That 1937 Feeling - By PAUL KRUGMAN - Published: January 3, 2010
As with all of Krugman's pontifications, his hopeful soliloquies eventually get around to reality. "During the good years of the last decade, such as they were, growth was driven by a housing boom and a consumer spending surge. Neither is coming back."

Obama already told you what was going to happen - Obama: Too much debt could fuel double-dip recession - By Caren Bohan - Reuters - November 18, 2009
Who ran up the debt?????

And before Mr. Obama there was Mr. Shell - 20 months of Recession (December 2007 to Present) - The Hickory Hound - James Thomas Shell - July 24, 2009

Believe it or not, we have been lucky so far. We made it through the hurricane season unscathed and we haven't had any game changing International incidents, but it does seem that Foreign relations aren't on a positive track. In other words, our good fortune in the Critical Events category will not last forever. And as I said on July 24...

I believe a double dip recession is inevitable, because you cannot have a real, sustainable economic recovery without a significant improvement in the job picture. We have real problems with our country's ability to grow jobs. The other issue is that of inflation. With as much money as we have seen put in the system, as soon as any signs of economic recovery come along, you are going to see a rise in commodity prices. That starts the cycle over again.

Until we find something to produce and the government gets off of the backs of job creators, it is going to be impossible to have a lasting and worthwhile recovery. Our leaders, in every level of government, are going to have to take some chances along the way, because we have fundamentally changed the economic structure of our nation. We cannot sit around and wait for the picture to improve. We are going to have to take proactive stances and government officials are going to have to find the inner strength needed to rediscover their roots as public servants.

If our government were a company, would you say it was well run? If you had a nest egg for retirement, would you let our current government take care of it? It is time that people start expecting our government to be run like a business. The government has a fiduciary responsibility to look out for everyones interests. Whether the government invests in a project or institutes a program, it is time to set some goals, assess the risks, implement the tasks in an efficient manner, and take care of the shareholders of the United States Treasury; which is supposed to be the Citizens of the United States.