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United States Economy: Survival of the Unfittest
I would like to begin this post with a brief excerpt from an article in the latest Time Magazine article titled, “The Federal Job Machine” dated sometime in early ‘07.
24Apr2008 | S. Oakes | 4 comments | Continued“President George W. Bush labored to make the case that the economy is “strong,” using the word eight times in one speech in Peoria, Ill. In terms of the basic indicators of economic growth (now 3.5% annually) and unemployment at 4.6%, he’s right. But when you consider that 2% of the current U.S. economic activity is the product of federal deficit spending and more than 6% is paid for with money…
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