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Tea Leaf: U.S. economic growth better, but still lags

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  • Roland Kayser Cottonwood Heights, UT
    Nov. 2, 2011 3:57 p.m.

    "distaste for higher taxes for those who invest and create jobs"--That distaste appears only in the pundit class. The American people support those taxes by a wide margin, this even includes a majority of Republicans.

  • XXEconomist SAINT GEORGE, UT
    Nov. 2, 2011 6:00 a.m.

    The average annual U.S. "real" GDP growth for the l0 years was 1.8 percent. For the last 20 years, it was 2.5 percent. The current annualized growth rate? It is 2.5 percent (third quarter 2011). The growth rate for the most recent four quarters compared with the previous four quarters is 2.1 percent.

    Many economists, including Thredgold, are placing too much emphasis on one or two quarter's performance. When GDP growth trends are analyzed in context, the U.S. recent growth has certainly been in line with recent, long-term averages.