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hardnox
Advisor

3% growth

http://cepr.net/publications/op-eds-columns/three-percent-gdp-growth-and-democrats-irresponsible-opp...

 

Good piece from Dean Baker. The tax cuts won't contribute to 3% growth but that doesn't mean it won't happen. Nobody has done a very good job of predicting growth and the effects of the new tech revolution are unknown.

 

As he says, there are two components- labor force growth and productivity.

 

Labor force does face a demographic headwind and the current immigration attitude also would present a drag (oh nevermind).