Optimistic on the economy
Economist Brian Wesbury is one of the most accurate prognosticators on economic activity. He remains optimistic about the economy:
"While higher taxes are always a threat to the long-run path of growth, creativity, and entrepreneurship, the end of the Bush tax cuts don’t mean a double-dip recession is in the cards. It’s true the growth of government, higher taxes, more regulation and deficit spending cloud the economic outlook past 2011. But right now the Fed is extremely easy (just like it was in the early 1990s) and we believe the economy will continue to recover."
Read the rest at First Trust Economic Blog.
"While higher taxes are always a threat to the long-run path of growth, creativity, and entrepreneurship, the end of the Bush tax cuts don’t mean a double-dip recession is in the cards. It’s true the growth of government, higher taxes, more regulation and deficit spending cloud the economic outlook past 2011. But right now the Fed is extremely easy (just like it was in the early 1990s) and we believe the economy will continue to recover."
Read the rest at First Trust Economic Blog.
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