Friday, November 18, 2011

The economy is slowly winding down

The capital strike continues apace as a wary, depressed business class creates fewer and fewer businesses.  On the jobs side private industry has continued increasing productivity, squeezing more and more output out of fewer hours but a process that without new businesses, eventually winds down.  The only way the country grows is if new businesses, products and services get created.  And I'm afraid that a lot of that risk taking is on hold in our nation until we get leadership in both parties that recognizes that only the private economy creates wealth.

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