{"id":63447,"date":"2015-12-23T07:25:41","date_gmt":"2015-12-23T12:25:41","guid":{"rendered":"http:\/\/valorguardians.com\/blog\/?p=63447"},"modified":"2015-12-23T07:49:34","modified_gmt":"2015-12-23T12:49:34","slug":"laissez-le-bon-temps-economique-a-rouler-par-la-suite","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=63447","title":{"rendered":"Laissez le bon temps \u00e9conomique \u00e0 rouler.  Par la suite.  Peut-\u00eatre."},"content":{"rendered":"<p>Well, we have some more economic \u201cgood news\u201d, courtesy of those\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <span style=\"text-decoration: line-through;\">feckless fools and naive tools calling the shots in DC these days<\/span>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 savants managing the US government and economy.\u00a0 We have a revision to last quarter\u2019s GDP growth figures.<\/p>\n<p><em><a href=\"http:\/\/www.marketwatch.com\/story\/third-quarter-gdp-growth-trimmed-to-2-2015-12-22\">A downward revision<\/a><\/em>.<\/p>\n<p>Federal economists now estimate that the US economy grew at an annual growth rate of 2% during the period July through September 2015.\u00a0 Since the current quarter is looking about the same, we\u2019re looking at an average growth for the US economy of around 2.2% for the year.<\/p>\n<p>Moreover, this will be the <u>10th straight year<\/u> that US economic growth has been below 3% for the year. \u00a0That means it will be the longest period of sustained slow growth since World War II.<\/p>\n<p>I don\u2019t think I really need to tell anyone who\u2019s been running the show in DC for the last 7 of those years \u2013 or which party had the majority in both houses of Congress in 2007 and 2008.<\/p>\n<p>But wait, there\u2019s more!<\/p>\n<p>The <a href=\"http:\/\/data.bls.gov\/timeseries\/LNS11300000\"><em>US labor participation rate last month was 62.5%<\/em> <\/a>.\u00a0 That\u2019s lower than all but two months since October 1977 \u2013 which was back during Jimmy &#8220;Clueless&#8221; Carter\u2019s \u201cwonderful stewardship\u201d of the US economy.\u00a0 And those two months that had a lower US labor participation rate?\u00a0 Those would be September and October of this year, where the labor participation rate clocked in at 62.4%.<\/p>\n<p>We\u2019ve now seen the US labor participation rate at <span style=\"text-decoration: underline;\">below 63% for 20 consecutive months<\/span>.\u00a0 You have to go back to the Ford Administration and the post-Vietnam\/post-Watergate economic slowdown to see that.<\/p>\n<p>But we must be on the verge of something.\u00a0 The current Administration has raised taxes, and is raising interest rates &#8211; things known to retard economic growth.\u00a0 That should certainly keep things from overheating, economically-speaking.\u00a0 Gotta make sure that growth doesn&#8217;t spiral out of control!<\/p>\n<p>Yeah, as a nation we\u2019re just doing \u201coh so well\u201d economically.\u00a0 Thanks for &#8220;letting the good times roll\u201d, Mr. President.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well, we have some more economic \u201cgood news\u201d, courtesy of those\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 feckless fools and naive tools &hellip; <a title=\"Laissez le bon temps \u00e9conomique \u00e0 rouler.  Par la suite.  Peut-\u00eatre.\" class=\"hm-read-more\" href=\"https:\/\/www.azuse.cloud\/?p=63447\"><span class=\"screen-reader-text\">Laissez le bon temps \u00e9conomique \u00e0 rouler.  Par la suite.  Peut-\u00eatre.<\/span>Read more<\/a><\/p>\n","protected":false},"author":623,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[209,46,11,238],"tags":[],"class_list":["post-63447","post","type-post","status-publish","format-standard","hentry","category-teh-stoopid","category-barack-obama","category-economy","category-government-incompetence"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/63447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/623"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63447"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/63447\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}