So the alleged recovery has been pitiful. The economyhas limped along for 5 years since Maobama took power. It's Bush's fault, right? A financial recession takes longer to recover from, right? Or maybe we're in a secular recession, a slow growth period that just sort of happens, right? It isn't Obama's fault or the Democrats'. Must be Bush's fault.
Oops, turns out both of those are lies. This economy is atypical of economies coming out of recession, which tend to exhibit strong growth, not weak.
John B. Taylor: The Economic Hokum of 'Secular Stagnation' - WSJ.com
Oops, turns out both of those are lies. This economy is atypical of economies coming out of recession, which tend to exhibit strong growth, not weak.
John B. Taylor: The Economic Hokum of 'Secular Stagnation' - WSJ.com