"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.
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.