What “Hope and Change” Means in Real Life: Obama’s Economic Stagflation
Look for more distractions coming from the White House to divert attention away from President Obama's pitiful economic record of huge deficits and stagflation.
By Joseph A. Klein, CFP United Nations Columnist —— Bio and Archives--April 28, 2011
American Politics, News | Comments | Back To Full Article
Can you say stagflation? The Jimmy Carter years may be repeating themselves as the Obama economy continues to flounder. U.S. economic growth slowed to a 1.8 percent annual rate in the first quarter of 2011, after a 3.1 percent fourth quarter pace last year. Meanwhile, food and gasoline prices have sent the broad measure of inflation rising at its fastest pace in 2-1/2 years. To make matters worse, more people sought unemployment benefits last week. This was the second increase in applications for unemployment benefits in three weeks.
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