GDP Growth in 2011 and 2012

[opebo]

Isn't a long term 0-1% Japanese style growth situation virtually inevitable now due to the deflation and the lack of any attempt at any government action?

[opebo]

Japan has other problems than just the bursting of a bubble- the number of startups there is abnormally low, the business culture is too conservative, and its too hard for foreign companies to break into certain domestic markets. Besides, the US's higher population growth rate virtually guarantees a higher GDP growth rate than Japan, even if we're just as bad in every other way.

Yes, maybe we get 1-2% instead of 0-1%.

[opebo]

The US really doesn't have that many non-cyclical economical problems beyond a declining Education system and an increasingly substandard set of workers because of it, and long term debt problems (which every OECD country faces).

Actually the long term debt problems could be dealt with easily by increasing taxes on the upper income people, and as for the education system the only problem is we fail to require companies to train their own serfs, like Germany does through the apprentice system.