TURNING JAPANESE? I REALLY THINK SO: U.S. Has Record 10th Straight Year Without 3% Growth in GDP.
Who could have predicted this? Well, pretty much everyone who hadn’t drunk the Obama Kool-Aid in 2008. Here’s Nick Gillespie in June of 2009 in a Reason TV video titled “Turning Japanese — Is the US Creating Its Own Lost Decade?”
And as I warned in one of my Silicon Graffiti videos from around that time, paraphrasing the famous aphorism of both FDR and President Reagan, “You and I have a rendezvous with scarcity—a destiny that for some is already here—and for the rest of us may be arriving all-too soon—because a surprisingly wide swatch of the country wants just that.”