The Answer’s in the Index
By Ed Feulner

A nation’s economic situation can turn on a dime. For example, in November 2007 the Federal Reserve expected the American economy to grow as much as 2.5 percent in 2008. In January the Fed revised that forecast downward, a step it would take repeatedly throughout the year as gasoline prices soared and the housing market plunged. By fall, it was clear our economy was in trouble. That motivated members of both political parties to urge Washington to “do something.” But this is no time to throw good (borrowed) money after bad. If all this spending was going to get the economy growing, it would be working. Yet nobody expects things to improve soon. There’s a lesson there, if we care to learn it. [Continue]