Job and Public Sector Employment Growth by Presidential Term

You read a lot about job creation and governmental policies, especially in this era of lingering, lagging economic growth, especially from political figures who are hoping to get elected based on their policy prescriptions. Republican candidates like to talk about the growth of jobs during Ronald Regan’s presidency, while Democrats tout the presidential terms of […]

US Global Competitiveness

 

In 1945, the U.S. made up more than half of the world’s total gross domestic product (GDP), which basically means that half the world’s economy took place inside U.S. borders. Today that figure is just under 22%.

Does that mean America is in decline?

There seems to be a bull market in doomsayers these […]

New Policies for Growth

 

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As the U.S. economy has slowly, steadily lumbered out of the Great Recession, the biggest drag on recovery has been housing. As you can see from the accompanying chart, existing home sales have never recovered their 2007 levels, despite several government stimulus efforts (which represent the spikes in the graph). […]