We hear the constant celebration by the Left at how great Barack Obama is.
At this point, the Left is more than a little bit pregnant, and let’s face it: the baby is black.
So when Obama reports news, the Left just has to play along. Unemployment below 5 percent? Why not!
Race relations better than ever? OK, I’ll buy it.
The economy is doing great? Whatever you say, Barack!
But the economic truth is sad, as reported in STL Today:
Business economists are more pessimistic about their firms’ future sales and profits than they were last fall, and more predict slower economic growth, a survey found.
At the same time, a majority of economists surveyed by the National Association for Business Economics said their firms plan to raise wages in the January-March quarter. That is the largest proportion that expects to raise pay since mid-2014.
Aside from the planned pay rise, the survey paints a mostly gloomy view of the economy at the start of 2016. Fewer than half the economists expect sales at their firms to rise in the first quarter, the smallest proportion since January 2015. And nearly 20 percent expect profits to fall, the most in more than a year.
For the first time in three years, more than 25 percent of the economists forecast that growth will slip below 2 percent over the next year. As recently as April, 30 percent expected growth would top 3 percent in the following 12 months. That figure fell to just 4 percent in the current survey.
The survey was conducted from Dec. 17 through Jan. 5, mostly before the big stock market drops that have occurred since the year began, and 148 economists responded.