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Tag: Economy: Page 20

This economy vs. the Great Depression

The news media is awash in doom and gloom, but when you look at the GDP (gross domestic product) figures, today’s economy is nowhere near as bad as that of the Great Depression. GDP this year is expected to decline about 7 percent. In the Depression it sank more than 25 percent. This isn’t even […]

March 12, 2009

Infrastructure grows the economy

The Los Angeles Times agrees with us on this: spending on infrastructure will grow the economy. It’s worth noting that during the eight years of the Eisenhower Administration, the folks who brought us the federal Interstate program, household income rose by 46 percent. In the past eight years household income hasn’t even gone up three percent. […]

November 21, 2008

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