A Crisis of Confidence in Government Can Harm U.S. Economic Growth

By Pam Martens and Russ Martens: May 17, 2017 When the Commerce Department released its data on April 28 for Gross Domestic Product (GDP) in the first quarter, it signaled the slowest growth in three years. The economy had grown at a tepid 0.7 percent annual rate as a result of weak consumer spending. The individual consumer matters greatly to growth in the U.S., accounting for more than two-thirds of economic activity. In the first … Continue reading