In 223 years, the average real GDP growth for the USA has been 3.8%. At 1.9%, the 2000-2010 decade was the 2nd worst decade for real GDP growth in the storied history of the United States. The worst since 1790 was the 1930s which was followed by what many hope for now, an explosion of growth that occurred in the 1940s. However, three years in, real GDP growth for the 2010-> decade does not look as good as 'hope' would like it to be. So what is different this time and what 'facilitated' the 1940s recovery? The sad, but very real, truth is... war... but funding that this time will be problem...
The 2nd worst decade of growth for the US ever... and getting worse
[3]
But what "saved" us last time looks a little more tricky this time...
Especially given the polarization in DC...
[4]
Charts: Hoisington and Citi