Economic Critique

The current expectations of the U.S. economy as it relates to the rest of the world are a very high. The United States is expected to have highs in sales revenue, capital spending, and hiring across the country in each new fiscal year. Since the 2008 recession, the U.S. economy has been on a very slow pace to sustainability when it comes to these kinds of statistics. Even despite some obvious improvement, the U.S. economy is not quite progressing at its full potential. Many corporate leaders and CEO’s are continuing to build plans to boost payrolls in each new quarter. The Federal government’s new policies have helped bolster the housing industry, especially residential housing, to significant gains in the past three years. Another expected growth element in the U.S. economy has been the trade balance of import/export markets. There is an expected growth spurt in domestic gross of imports to the U.S. economy also. Legislation to pass on a bill to raise the debt ceiling may give the U.S economy more flexibility as it continues a steady pace in sustainability and eventual growth.

Consumer income plays an important role in the economy. As of September 2013, personal income is at 0.5% while consumer spending is slowed down to a 0.2% pace. We can definitely see this drop in the purchase of new automobiles. This rate of growth for consumer income has been for the past two months. Income growth has persistently grown since February. Although unemployment is dropping and consumer income increases is not enough for the consumer to spend that dollar just yet. Supply is there, but demand is not. As we can see in the diagram below Income is growing, but consumers just do not want to buy anything.

“U.S. Department of Commerce Mission:

To create the conditions for economic growth and opportunity by promoting innovation, entrepreneurship,