You know, it's one thing for Board members to type out comments regarding a fictional Godfather. It's another for them to do so about things they know little or nothing about like economics and econometrics.

FN, make up your mind. Is it the President at the heart of the Nation's economic woes as you express it, or is it "the government"? If it's the President, how is it so? If it's the government, not only how, but which level: federal, state, or local, or a combination thereof?

US GDP grew at an annualized rate on 2.4% in the 2nd quarter. Gross Domestic Purchases grew at 5.1% in the same quarter compared with just 3.9% in the first quarter. Both personal income and disposable personal income increased over 4% in the second quarter. Savings grew at an annualized rate of over 6% as did debt reduction. The M2 money supply continues to increase and is decidely larger than it was than just a few years ago.

The current federal income tax structure has been inplace since 2003.

"Generosity. That was my first mistake."
"Experience must be our only guide; reason may mislead us."
"Instagram is Twitter for people who can't read."