As I write this on Tuesday, the Dow-Jones Index has hit an all-time high. It’s historic! Higher than the last record, set in 2007.
Sequestration, which I call Austerity, took effect on Friday.
Devastating economic pain is predicted throughout America, although some exaggeration is baked into the “sky-is-falling” rhetoric.
Exaggeration or no exaggeration, economic growth has been sluggish. Sequestration of $85 billion in federal spending will slow the economy even more. Continue reading