Reply #15: CAUTION READING GDP GROWTH [View All]

REAGAN PEOPLE PROMOTED GROWTH AS IF IT WERE TRUE GROWTH AFTER 1981-1982 DEEPEST RECESSION SINCE DEPRESSION.

If you are on level above ground surface then fall into a ten foot hole and climb out you have not progressed just gotten back level.

We have a growth economy no doubt but are we level surfaced?

No. We are just climbing out of the BUSH hole.

A great analogy is the DOW It tanked in 1973. It took 7 years or until 1980 to get back even with where it was in 1973. It was gaining each year but slowly. It tanked rapidly.

Reagan and Bush economies are like two track stars who are running behind Bill Clinton but losing one stride each ten strides.

They finish far behind at finish line.
cwswinney@netzero.net