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It's very strange to me how sentiment on the American economy is still so poor. Yes, the economy is worse than the bubble fueled mania of 2021, or the 2012-2019
by broken_clock 3y ago
It's very strange to me how sentiment on the American economy is still so poor. Yes, the economy is worse than the bubble fueled mania of 2021, or the 2012-2019 years, but guess what? There were massive economic dislocations due to COVID and the related supply chain issues. I don't think that's the reasonable baseline to compare to. If you compare to similar high GDP countries (UK, Germany, France, etc) or high growth countries (mostly China), we are doing amazing.
This country has unique economic advantages due to natural resources, geography, and the ability to integrate both skilled and unskilled workers. I think it's hard to form a consistent Doomer thesis about America being a laggard when it comes to economic growth - unless you are comparing only to America's own best years.