Thursday, April 26, 2012

This graph tells a story that should help Obama deal with GOP criticism of his economic policies.  It shows real GDP, with 2003 normalized at 100, and compares it for the US, UK and Eurozone.  The have had similar recessions but real GDP has recovered much better in the US than in the two other economies.  The red line shows that the UK economy flattened out after Cameron took office and used expansionary austerity to grow the economy. The Eurozone has also flattened out as austerity was imposed on the debtor nations.

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