"...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....
Wednesday, February 16, 2005
From the Economic Research Department at The Northern Trust Co. in Chicago:
Posted by Grey Matter at 10:13 PM