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Wednesday, September 13, 2006

The current US growth hides a distorted economic landscape

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Incidentally, whenever President Bush assertively claims or loads his speeches with his trademark ‘adjectives’, it invariably calls for a detailed scrutiny, for obvious reasons. And this time it has to do with the claims he has been propagating on the “stupendous” American recovery since 2001 under his aegis. Well, all macroeconomic indicators substantiate his claims as they go on to indicate that it has been a fourth consecutive year of economic recovery. Surprisingly, between the so called economic upswing, poverty has accentuated and household income has plummeted since 2001, with no signs of any immediate recovery.

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Source :
IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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