The estimated 2% growth in GDP for Q3 is welcome news indeed. It means that the US economy is not sliding backward and the chances of a double-dip recession are less.
However, the US economy is growing at less than its potential. Further natural repair based on free-market forces is perhaps the best way to narrow the difference between growth potential and reality.
The unemployment problem in the US remains a serious issue as does the prospects for housing. A full recovery will likely take years in these two areas likely will take years and perhaps continue to be an issue in the 2012 elections.
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