U.S. second-quarter growth trimmed to 1.1 percent; consumer spending raised
Like a herd of turtles! Demand for oil will not rise, and we are not operating with sufficient economic thrust to pull the rest of the world out of their doldrums. If we are to do so, we will need to begin unwinding the massive birds nest of regulations that the Obama administration has layered on the economy, businesses, and individuals. Without this change we should expect our economy to consistently return European doldrums rates of 1-2% per year. We spent the past 25 years constantly adding government regulation, and now they are slowly choking the economy to death. Time for change.