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Rich get richer; poor get poorer in 2014

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Since the fundamentals have not changed one bit in the US economy, why would Americans expect any radical change to the trends affecting them. If you are a wealthy American, your economics are likely to continue to improve.

If you are in the upper end of the Middle Class, you may realize some modest improvement. If you are in the mid-range of that class and lower, either things will get worse or stay about the same.

Wealthy and upper middle class do not represent most Americans.

There will be no significant improvement in government function with some exceptions:

  • The Obama administration will continue to improve aspects of the Affordable Care Law implementation, but that will not have an effect until after next year’s elections
  • The Obama administration will try to improve its executive management and leadership, where even trying will be welcomed by Democrats running for reelection
  • Democrat and Republican representatives will demonstrate greater independence to align with their electorate back home

Probably, more compromise will become evident, but will that mean big things like immigration reform get done? The die is case as far as anything in the budget and spending area seeing any radical improvements, one way, or another.

Good luck would be for improvements to continue in the Middle East with significant cooperation from Iran.

Neil Irwin, The Washington Post, reminds that Mother Nature can have an effect if their is a natural disaster in a developed economy.

Even if 2014 is a better year, the US economy remains unsustainable because it is driven by fossil fuels. Only when that disastrous habit is broken will the light appear at the end of the tunnel.

If you want to learn more about sustainable economics, subscribe to my articles at: http://www.examiner.com/sustainable-business-in-arlington/james-george

“2014 will answer this huge question about the U.S. economy

BY NEIL IRWIN

January 3 at 2:05 pm

Has the U.S. economy just suffered a run of bad luck, or is America's economic machine broken? 2014 should give us some answers. (Lauren Abdel-Razzaq/The Washington Post)

The United States is poised for its strongest year of economic growth since the recession began. Signposts for the economy are generally pointing up. A recovery that seemed tentative and halting a year ago now appears to be durable and more deeply entrenched.

Sound familiar?

It should. Those are all phrases from an article that ran in The Washington Post on Dec. 31, 2010, projecting how the economy would fare in 2011. I know because I wrote it.”

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/01/03/2014-will-answer-this-huge-question-about-the-u-s-economy/?wpisrc=nl_wnkpm

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