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Ben Casselman and Neil Shah, The Wall Street Journal The worst U.S. recession since World War II has also had the weakest recovery. The nation's economy has grown 6.7% since the recession officially ended in mid-2009, according to revised data released by the Commerce Department Friday. That is slower growth than earlier data suggested and makes it the worst three-year recovery in the postwar period. The revised data show just how close the U.S. came to another double-dip recession. The economy grew 2.4% in 2010, significantly worse than the prior estimate of 3%. And economic growth in the first quarter of last year—which was initially estimated at 1.8% before repeated downward revisions—now stands barely above zero, at 0.1%. Read More
TARIFF-IED: Trade Talk with Matthew Rooney
This week, trade relations between the U.S. and India are continuing to escalate. Earlier this month, the U.S. stopped granting India special trade privileges by taking away the Generalized System of Preferences (GSP) program, and India has responded by enforcing more tariffs of its own. The George W. Bush-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict: For more information on trade groups and the global economy, visit www.bushcenter.org/scorecard.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.