jump to navigation

Updated GDP Growth Chart, By Request May 31, 2014

Posted by geoff in News.
trackback

Andy (of The Snausages and AoSHQ) asked me to update this chart showing the real GDP growth rate since 1950. As you can see, there’s a general downward trend that suggests that unless proactive steps are taken, we’ll soon be enjoying 2% growth numbers. In our good years.

Real GDP Growth Rate Since 1950

It’s worth noting that the FY2015 White House budget predicts GDP growth of ~3.3% for 2015 – 2017, and then has it dropping down to 2.3% in 2021 and beyond. I think their near-term growth assumptions are optimistic, and their long-term projection is realistic, but pathetic.

Here’s the thing. If you’re truly concerned about the long-term welfare of these United States, you try to take significant action to ensure that welfare, especially when predictions based on your policies show tepid future growth. On the other hand, if you’re a political animal who thinks the GDP is just a big ole pot of limitless money that should be used to advance liberal causes, I suppose you don’t worry so much about future growth. Or growth.

Andy, take it and do with it what you will.

Comments»

1. lauraw - June 5, 2014

This chart is very difficult for me to read. I can’t look directly at it for very long without feeling a great amount of anxiety and confusion.

Can you make those medium blue diamonds into two-shades-darker blue dots, and about 1/4 the size?

Thanks in advance.

2. daveintexas - June 5, 2014

I see a ducky and a horsey

3. geoff - June 5, 2014

Heh. I actually made the diamonds much larger than in the previous version, just to enhance viewability.

Now you know how deeply you’ve cut me.

4. lauraw - June 6, 2014

Sorry. Could you make them little duckies, then, because that would be cute. Dave gave me the idea.

5. daveintexas - June 6, 2014

Now I see three people dancing.

Rorschach charts.

6. Retired Geezer - June 6, 2014

Any chance of making this into a pie chart?

Because Dave likes pie.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: