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America's Four Growth Drivers Stall and Our Economy Stagnates

Sep 8, 2010

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Seeds of Destruction: Why the Path to Economic Ruin Runs Through Washington, and How to Reclaim American Prosperity

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Conclusion

This chapter has used the GDP Growth Driver equation to diagnose a variety of ills afflicting the four drivers of America's economic growth—consumption, investment, government spending, and net exports. Our diagnosis tells us that we face yet another decade of slow growth and high unemployment if we continue down the path of a low savings rate and lack of adequate business investment coupled with too much government spending and large and chronic trade deficits.

The next chapter introduces the Ten Levers of Growth to explore more fully how we can turn around the sluggish American economy. In this way, we will finish building the foundation for our Seeds of Prosperity analysis and policy blueprint.

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