When the Commerce Department reported Friday that the economy had grown at a humble 2.4 percent in the second quarter, even the liberal Washington Post suggested President Barack Obama’s policies were not leading to the sort of economic growth necessary to reduce unemployment, which has risen from 7.7 percent to 9.5 percent since Obama took office.
“The recovery is fading, and a troubling pattern is setting in: economic growth that is too slow to put Americans back to work,” said the first paragraph in the Post’s report on the new GDP numbers.
But in the worldview presented in an early environmentalist manifesto co-authored by Stanford University’s Paul and Anne Ehrlich and John P. Holdren—who is now director of Obama’s Office of Science and Technology Policy--sluggish growth would not be seen as the “troubling pattern” the Post perceives it to be. In fact, it might be viewed as a positive. Read more…