Here’s why many Americans feel bad about the economy.
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First, GDP – a measure of the overall economy – has been growing at a declining rate for the past 35 years.
The blue line below is the year-over-year percentage change of GDP … the red line is my eyeball trend line – attempting to factor out recessionary dips.
The boxes are roughly the Clinton years (green box), the Bush years (orange) and Obama years (red).
GDP growth for the past 10 years has been less than 5% year-over-year.
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Let’s dig a little deeper …
The Homa Files 