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?