Thursday, September 01, 2011

The US Economy -- already one lost decade, a second one looming?

                                                                                                     Job growth

In its typically austere manner (from a country well attuned to austerity after all), the BBC offers a video survey of some basic facts about America's economy: spiraling debt, sinking household incomes, etc.  The punch line:  "From 2001 to 2011 job growth in the U.S. was ZERO." [U.S. Bureau of Labor Statistics]

Of course, both political parties promise a return to prosperity, if only the nation would adopt their special, patented formulas.  Alas, these recipes have already failed and continue to do so.  Have we embarked upon a second lost decade?  

1 comment:

  1. I don't think so, that america is destined to this kind of situation on the future. Scientist, researchers and all brilliant minded people are dwelling this place i'm sure the don't let it happen.