Bloomberg's Take

Bloomberg, for those who don't know, is a market oriented news/advising corporation.

Bloombergs words for the economy

The report from Bloomberg on the economy is that Obama is reversing the Reagan mantra of big government can't succeed and that Obama is effectively stunting the economy's growth.

Bulls and bears all accounted for, our economy has been growing at about 3% for the past couple of decades. to under 2%.

“We are lowering the speed limit for safe economic growth in the U.S.,” says El-Erian, of Pacific Investment Management Co, who manages the world’s biggest bond fund. “We’re going from somewhere near 3 percent to probably just below 2 percent.”