Robert J. Samuelson, the op ed writer, wrote a piece this week called ‘Why America’s Recovery is Feeble.”

The numbers are stunning.  The recession officially ended in mid – 2009. The US annual growth rate since the recession has been 2%.  Similar recoveries average 4.5% growth.   We all know what this means.  Fewer jobs.  Less capital and consumer spending.  Higher unemployment.  Fiscal cliff approaching fast.

Why is the economy so tepid?  Samuelson believes:  “It’s hard to avoid a sneaking suspicion that the people at the top don’t know what they’re doing?”

Hard indictment.  Then, there’s the US and Europe.  The US is facing the fiscal cliff and Europe is seriously talking about Greece and other countries defaulting on their government debt.  And, it’s happening all over the world.

Public policy makers don’t know now to solve problems and make the hard decisions under VUCA: Volatility, Uncertainty, Complexity, and Ambiguity.

Bio:

Greg Hutchins PE and CERM (503.233.101 & GregH@QualityPlusEngineering.com)  is the founder of:

CERMAcademy.com
800Compete.com
QualityPlusEngineering.com
WorkingIt.com

He is the evangelist behind Future of Quality: Risk®.  He is currently working on the Future of Work and machine learning projects.

He is a frequent speaker and expert on Supply Chain Risk Management and cyber security.  His current books available on all platform are shown below: