Just the Facts, Ma'am: A Compendium of Liberal Fiction Message Board

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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: Brumar89 who wrote (80930)	10/24/2010 1:50:32 PM
From: Peter Dierks	3 Recommendations Read Replies (1) of 90947

What Grows An Economy? Oct. 20 2010 - 12:35 pm \| 13,934 views \| 1 recommendation \| 20 comments By RICH KARLGAARD During the Great Recession and its aftermath, the U.S. economy has performed slightly better than flat. That’s hard to believe, isn’t it? But the numbers tell the story. In 2008, 2009 and (projected) 2010, the U.S. GDP was (and is), $14.3 trillion, $14.2 trillion and $14.6 trillion. Yes, it’s hard to believe the economy was flattish – factually, ever-so-slightly growing – over the worst patch in our lifetimes. Why did the economy feel so much worse if it was merely flat? Good God, what would happen if the economy actually shrank over several years? Answer: Americans are accustomed to growth. And with a growing population, we need growth. Since World War II, the American economy has ... Message 26910858

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