The Associated Press has reported that industrial companies such as General Electric, Honeywell and Caterpillar make expensive equipment that other companies need to buy to grow their business. Their strong financial results indicate orders are strong.
Diane Jaffee at the Trust Company of the West seems to think we're on the brink of that infection point where the economy can really take off and that what is different now is that industrial companies are saying there is real demand. This is a piece of welcomed economic news for the country, its people and for the Obama administration who inherited the worst economic conditions since the great depression. When one considers that the President has had to go it alone to grow the economy, stave off a government shutdown, sequester and other road blocks not of his making, we have come a long way.
If Jaffee's remarks prove to work out, the economy will create even more jobs. And if John Boehner would allow the U.S. House to pass President Obama's jobs bill that the U.S. Senate passed over two years ago, unemployment would not be a problem. Full employment will allow the country to address the most pressing problem, that is, the massive transfer of wealth from the middle class to the wealthy that has been the subject of this writers past commentaries here in PolitiDose that has been taken place for such a long time.
This commentary written by John Lucia
