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By Tom Harris and Madhav Khandekar
Bad science puts rich nations on the hook for trillions in climate liabilities
Independent voices from the The Washington Times Communities
Topic - Bill Dunkelberg
In a speech to the Chamber of Commerce last month, President Obama proclaimed, "Now is the time to invest in America." A National Federation of Independent Business (NFIB) survey shows small businesses aren't buying it.
Friday's gloomy economic forecast from Goldman Sachs solidified a consensus that the economy is just treading water. Goldman's downgrade from 3 percent to 2 percent gross domestic product (GDP) growth for this quarter would nearly match last quarter's anemic 1.8 percent growth rate if it bears out. The economy is growing at half the rate President Obama's first budget projected it would this year. But the slowdown is not the whole story because there are, to borrow a phrase, two Americas: big business, which has enjoyed a legitimate recovery, and small business, which hasn't had much to show for it.