Thursday, June 12th, 2014
2

Nothing Will Ever Be Good Again

For more than a century, the pace of growth was reliably resilient, bouncing back after recessions like a car returning to its cruising speed after a roadblock. Even after the prolonged Great Depression of the 1930s, growth eventually returned to an average pace of more than 3 percent a year. But Treasury Secretary Jacob J. Lew, citing the Congressional Budget Office, said on Wednesday that the government now expected annual growth to average just 2.1 percent, about two-thirds of the previous pace.

Perhaps, after you have imported your dreams directly into an Oculus Rift, you could grant Facebook the rights to them in perpetuity in exchange for a single share of stock, which you could then maybe one day sell to pay your record-high rent, since there is clearly no other hope for the future.

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Ralph Haygood (#13,154)

"Even after the prolonged Great Depression of the 1930s, growth eventually returned to an average pace of more than 3 percent a year.": Of course, that has nothing to do with the fact that the federal government under Franklin Roosevelt mostly didn't respond to the situation with "austerity". No siree, that couldn't possibly have anything to do with it.

scrooge (#2,697)

Well since the population of the US has been growing at less than 2% a year for more than 50 years, I guess that means we're all rich now.

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