l****z
发帖数: 29846 | 1 January 27, 2012 by Rodney Graves
He has made a bad situation much worse.
Recovery Doesn’t Feature Typical Snapback in Growth
By Ben Casselman and Josh Mitchell | The Wall Street Journal
The U.S. economy has taken more than two years to claw its way back to
producing the amount of goods and services it did just before the last
recession.
But what about all that “lost” growth? After slumps, growth usually
sprints forward—allowing the economy to not only regain its previous peak
but also add enough on top to make it seem as if no recession ever happened.
After the early 1980s recession, for instance, the U.S. notched five
straight quarters of over 7% growth, quickly putting the economy back on its
previous expansion path.
That hasn’t happened this time. On Friday, the government releases its
preliminary snapshot of economic growth in the final three months of 2011
and most economists expect it to show gross domestic product grew at an
annual rate of about 3%.
That would be the fastest quarterly growth the U.S. has managed since
mid-2010. And indeed, the economy has shown signs of accelerating. But to
make up for growth lost during the recession, the economy has to shift into
a much higher gear. Economists note that while output, adjusted for
inflation, is finally back to its pre-recession level, it still falls short
if adjusted for population growth.
“We’re still in a hole, and the hole’s just as deep as it ever was.
It’s just it’s not getting deeper,” said Justin Wolfers, a visiting
professor of economics at Princeton University
Obama has said that if he didn’t have things turned around in three years,
he’d be a one term President. Let’s help him keep that promise. |
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