Opinion: Ruminations on the Coming Election
Back in 2008, President Obama campaigned on "change." This time around, the theme is, "Forward." We got change, but that may not necessarily move us forward -- unless we change again. I generally avoid getting into politics here, but we are in the midst of political conventions and it is nearly two months before the election, so let's take a look at whether the economy and some of its components may be better off with a new leader in the White House.
For the last five quarters, the U.S. economy has grown at an anemic clip, averaging at 2.5% per year over that time. That represents the worst recovery following a recession in quite some time. Productivity has lagged severely, and unit labor costs are on the rise. Moreover, it seems the Administration and Congress cannot manage to put a dent in the stubborn unemployment situation, with 23 million people still looking for work....372 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.