[Marxism] U.S. Economic Recovery Looks Distant as Growth Stalls - NYTimes.com
lnp3 at panix.com
Thu Jun 12 07:24:30 MDT 2014
WASHINGTON — Recessions are always painful, but the Great Recession that
ran from late 2007 to the middle of 2009 may have inflicted a new kind
of pain: an era of slower growth.
It has been five years since the official end of that severe economic
downturn. The nation’s total annual output has moved substantially above
the prerecession peak, but economic growth has averaged only about 2
percent a year, well below its historical average. Household incomes
continue to stagnate, and millions of Americans still can’t find jobs.
And a growing number of experts see evidence that the economy will never
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