Here’s James Pethokoukis:
1. Annual US GDP growth, adjusted for inflation, has averaged an anemic 2.1% for the 15 full quarters of recovery, versus 5.1% during the same span after the severe 1981–82 recession.
2. As a result, the economy has yet to return to anywhere near its pre–Great Recession growth trend. If it had, the economy would be $1 trillion bigger today.
3. This recovery has seen the weakest increase in real disposable income of any of the seven most recent ...