In January 2017, the number of publicly traded U.S. firms that declared they’d be chopping the cash dividend payments to their shareholders fell from the 59 that have been reported in December 2016 to a stage of forty seven. USGDP development decelerated to 2.4% in the second quarter of this 12 months from three.7% within the first quarter, clearly indicating that the US shouldn’t be but on a sustainable development path and, as the impression of the stimulus wears off, the US economy is starting to slack.
The chief of this stampede was the Financial institution of England, a for-revenue financial institution, which had been given the same duty and powers to control the English financial system as the Second Financial institution of the United States, also a for-profit bank, did for America.
There is a presidential election coming up, and I strongly suspect that the individuals who run the (conventional) news media in America believe that the American individuals need to be (educated?) about what a rotten job that idiot (their view) Bush has carried out, and how it’s Time For A Change.
One purpose for this aversion is that a consequence of Keynesian economics is the requirement for the federal government to intervene in the financial system from time-to-time to modify fiscal and monetary policies to be able to preserve unemployment, inflation, and interest rates in stability.
And to a lesser diploma, greater than half of the voters polled in every celebration (seventy one% Republican, sixty eight% Democratic) were fallacious in pondering the bailout of GM and Chrysler did not happen underneath each Presidents Bush and Obama.…