The 2nd worst decade of growth for the US ever... and getting worse
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Friday, October 25, 2013
It's The 2nd Worst Decade In Over 220 Years (And Getting Worse)
In 223 years, the average real GDP growth for the USA has been 3.8%. At 1.9%, the 2000-2010 decade was the 2nd worst decade for real GDP growth in the storied history of the United States. The worst since 1790 was the 1930s which was followed by what many hope for now, an explosion of growth that occurred in the 1940s. However, three years in, real GDP growth for the 2010-> decade does not look as good as 'hope' would like it to be. So what is different this time and what 'facilitated' the 1940s recovery? The sad, but very real, truth is... war... but funding that this time will be problem...
The 2nd worst decade of growth for the US ever... and getting worse
The 2nd worst decade of growth for the US ever... and getting worse
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4 comments:
America this president is out to ruin us.
Problem is most people are ill-informed to be just stupid. As long as that government check and I mean everyone that gets a government check(seniors for Social Security that is a pay as you go system... not a retirement account) has the mentality that someone owes them something.
Get real people and do it yourself!
we never recovered from the first recession of 00-01. Temporary bounce followed by a precipitous fall. The same folks screaming the loudest about free trade were also devaluing education and training. Big no no
Where is the "its getting worse"?
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