Though there is a great deal of confusion among the American public regarding economic growth, it remains a fact that Q3 real GDP is .8% below the peak recorded in Dec. 2007 according to the following WSJ article:
Izzo, Phil, 2010. Economists react: growth remains "too weak." The Wall Street Journal, Oct. 29.
The recovery is way behind and there are few signs to indicate a quick turnaround. There should be quarters recording more than 6% growth, yet most are hoping to maintain 2% growth for the next six months. Some believe that 2% average growth is not possible.
With the anticipated change in the structure of political power almost certain to come from the Tues. election, it is an important time for all Americans to reassess what is needed to bring about economic prosperity.
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