President Barack Obama Message Board

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Politics : President Barack Obama

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To: RetiredNow who wrote (131842)	3/11/2013 12:36:43 PM
From: tejek	1 Recommendation Read Replies (2) of 149317

Gordon controversially questions whether economic growth is a continuous process that can persist forever. He argues that both growth and improvements in living standards will slow significantly. For pure shock value, he speculates that future yearly growth rates may be 0.2%, far below even the modest 1.8% annualized growth between 1987 and 2007. Interestingly enough, this guy comes out with his thesis during a time when the developed world has suffered a severe recession where half that world [Europe] is still struggling badly because of the implementation of lousy economic policies aka austerity. He ignores the fact that most of the world is still made up of poor nations; that its these nations moving from poverty to developing status that have been the major catalyst for global growth.....from the Brazils of the world developing real middle classes. And that process continues unabated. There is no question the US has to focus on its deficit........but it doesn't have to do it today. And one last thing.........I am very tired of your obsession. I will not put you on ignore or ban you but I will not respond to any more of your future posts that have to do with deficits.

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