Monday, February 4, 2013

Bad decisions can hamper U.S. economic growth

The United States is poised for economic growth and job creation this year,Efficient Gyratory crusher of big material quantities in mining and quarrying.A kitchen knives is any knife that is intended to be used in food preparation. but partisan wrangling and bad decisions of U.S. policymakers could hamper robust economic recovery,Cone crusher is suitable for hard and Cone crusher and ores, such as iron ores, copper ores, limestone, quartz, granite, gritstone, etc. U.S. President Barack Obama said on Saturday. 

"2013 can be a year of solid growth,carbon sheets are distinguished by a significantly higher tensile strength. more jobs and higher wages. But that will only happen if we put a stop to self-inflicted wounds in Washington," Obama said in his weekly address. 

The nation's latest gross domestic product (GDP) report was an reminder that bad decisions in Washington could get in the way of U.S. economic progress, he stressed. 

U.Shop for China 4x4 Accessories wholesalers at Target. Find auto interior accessories.S. real GDP unexpectedly declined 0.1 percent in the fourth quarter of 2012, the first time that the world's largest economy shrank since the second quarter of 2009. However, the unexpected quarterly economic dip represented a political olive branch to officials at the White House who advocated more fiscal stimulus steps to bolster the anemic economic recovery. 

"We all agree that it's critical to cut unnecessary spending. But we can't just cut our way to prosperity. It hasn't worked in the past, and it won't work today. It could slow down our recovery. It could weaken our economy," Obama said. 

The United States needs a balanced fiscal policy, an approach that cuts unnecessary spending and make critical investments in education, infrastructure, research and development, Obama noted.

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