Declining Economic Growth

One of my favorite charts is one that should be cited by all economists, but more so is one that should scare you is the 20 Year Rolling Average of Real GDP Growth. The reason I like this chart is that when "raw" RGDP growth is looked at there isn't much of a trend that can be discerned;


But when you average it out of 20 years to give you a sense of "generational" production or "generational" growth, well, you see people preferring to watch more American Idol than getting off their lazy asses and producing something of value;


Now the reason this is scary, and scarier than it was about 2 years ago when I originally calculated this chart, is that in order to pay for all those goodies the socialists used to bribe the moronic masses into voting for them...err...ummm....I mean "in order to pay for all those kind, caring, compassionate (yet impossible to pay for) programs" the only way to pay for them is through economic growth. But with economic growth declining, precisely how do we pay for just these two items?



Let alone all the new spending good ole Barack Obama has promised?

I know, I know, we can't. I'm just trying to establish a track record so as to pre-establish "I told you so rights" in the future.

So, hey, so long, and thanks for all the fish!