First-Quarter GDP is History; Beware a 2011 Slowdown - Up and Down Wall Street Daily - R. Forsyth - Barrons.com:
"Let's see? We increase production (i.e. which would require lower tax rates) or, we (at best) keep production steady and borrow money to let the 'disadvantaged' buy?
Now, what is the Obama administration doing? Can we say the latter!
And, as with a battleship suddenly running into a typhoon, no matter how strong and resilient the economic ship may be, the eventual market tiring of sovereign debt (esp. in the face of unmitigated entitlement spending) may well be that the best the next Congress can do will be to try and steer the economy out of the maelstrom tide of higher interest rates that is striking all developed economies.
Can we call this round 3? Who knows."
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