Friday, January 27, 2012

Latest GDP Numbers Do Not Meet Expectations

The 4th quarter GDP expanded at 2.8%, which was lower than the 3.0% forecast. While this number was better than the three previous months, some economists are saying that we could see slower growth in the early part of 2012.

Obama when commenting on the latest figures stated that we are moving in the right direction; however, it may not feel like we are moving in the right direction to the 8.5% or more of those who are currently unemployed. You cannot blame Obama for his optimistic remarks, and any increase in the GDP is better than none or regressing, but if he is genuinely concerned about the state of the economy and the unemployed why did he not give the green light for the Keystone Pipeline. The Keystone Pipeline, according to some sources will provide upwards of 20,000 jobs and could reduce America's dependence on foreign oil. Why does Obama not give the go ahead for this project? In an election year it is a great mystery.

Even though the economy may still be shaky, with a slower than expected GDP growth and unemployment still hovering between 8 to 9%, may we realize that we are not are the makers of our own destiny, God is still in control. While it is true that decisions we make affect our lives, God is in control of those things we can't control.

May we pray that God will give us the wisdom to make the right decisions about things we can control, such as being financially responsible and socially and politically responsible by voting for leaders that will make responsible fiscal decisions for our country.

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