Economy

Fewer jobs were created in August than expected. Unemployment dropped to 8.1 percent because so many people dropped out of the work force. CBS warns the Fed may take bold action. Buy your gold now.

Why the economy boomed in the 1990s despite Clinton's tax hike. No mention of Greenspan blowing up the tech bubble. Clinton's tax hikes kept the economy from growing faster.

"Between the years of 1993 and 1997, the economy grew at 3.3 percent a year. Concurrently, real wages declined, despite the reputation the ’90s has for being a period of great economic growth.
It wasn’t until the tax cuts of 1997 that the full potential of the economy was unleashed. “Business investment skyrocketed after the tax cut,” Dubay says."

Savings and investment drive economic growth, and cutting taxes promotes savings and investment. Also, reducing spending free more resources for production, increasing economic growth.

The US is not only dropping on indices of economic freedom, but also in the ranking of economic competitiveness.