Wednesday, February 16, 2005

From the Economic Research Department at The Northern Trust Co. in Chicago:
"...despite massive amounts of fiscal and monetary policy stimulus, the best that the economy could do was grow at a compound annual growth rate of 3.46% in the 12 quarters of recovery/expansion. As the table below shows, economic growth in this expansion underperformed the average growth in previous post-war expansions by 140 basis points."
And I'm sure these folks are raving lefty liberals....

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