U.S. Economic Growth Just 1.6% in 2013

Enriching the Wall Street Banks with zero interest Fed loans has enabled in part global investments to enrich Saudi Arabia, China, India, Argentina and other economies with hot economic expansion rates of G.D.P. In October 19^th The Economist reported the U.S. G.D.P. rate with a 1.6% rate for 2013, China’s at 7.5%, India’s at 4.4%, Argentina’s at 8.3% and Saudi Arabia’s at 5.1%. The U.S. rate is probably puffed up by the Wall Street bank and investor profits on investments in foreign economies.

Even a zero-quantitative rate of economic growth is o.k. if qualitative growth increases, public debt is reduced, the environment restored and the quality of living of the poor and middle class increasing. Such right-thinking policy are perhaps considered in some collegiate ecological economic colloquia yet definitely not in the U.S. Government or on Wall Street.

Since the Obama administration generally followed Bush II economic policy with permanent Bush II tax cuts the economic interests of the poor and middle class have continued to be stagnant if not downward. Nothing in the administration policy seems designed to counter that. The big question is; will the President get in his 200^th round of gold before January 1^st?