"High gasoline prices, government budget cuts and weaker-than-expected consumer spending caused the economy to grow only weakly in the first three months of the year."Thanks to NPR for pointing out the obvious - that higher gas prices cut into money consumers would rather spend elsewhere.
That's why the corporate leaders who feel that squeezing as much out of their employees for as little as possible are remarkably short-sighted. A consumer-driven economy needs consumers with funds to spend.
So dip into the profit goody bag and start giving employees much-deserved raises. Hire new talent to fill key positions. (There's a lot of talent looking for a compatible work hook-up right now, FYI.)
If business leaders want to sell their product, they need to make sure America's got consumers with money to put towards consumption. And by consumers, I mean the broader market beyond just the high-paid folks in the C-suite.
And if the GOP wants to continue to assert that stopping the only spender in town (the government) from spending is the best way to jump start the economy, good luck fellas! Way to remain blind to the evidence! Their "big idea" is not showing much traction today.