Turns out, according to latest data from the Bureau of Economic Analysis, we haven't had a weak recovery for the past three years - our GDP actually decreased from 2007 to 2010 by 0.3% per year. One of the main contributing factors has been decreased state and local government expenditures.
Here's what the Washington Post's Ezra Klein has to say in his article "The Recovery-Less Recovery."
Friday, July 29, 2011
New Data: There Has Been No Recovery
Topic Tags:
economics,
government,
politics
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