Economists from all sides of the political system are sounding a unified theme for the new year: The outlook for economic growth in America isn’t good for now or in the future.
In fact, the economist say slow growth will be with us for most of the next decade.
And a depressed housing market will keep the screws on the economy.
Median home values have fallen more than 30 percent since 2005
“It will be difficult to have a robust recovery while housing and commercial real estate are depressed,” Harvard Professor and former director of the National Bureau of Economic Research said in a speech to the American Economic Association’s annual gathering of top economists from around the country.
Someone hung an effigy of President Obama in the hometown of President Jimmy Carter.
The Secrety Service is investigating. Threats against the President have reached an all-time high since Obama took office with many of the threats driven by racism.