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Snatching Slow Growth from the Jaws of Fast Growth

Brian Wesbury, First Trust
The U.S. economy continues to be lifted by an incrediblewave of new technology. Fracking, 3-D printing, smartphones,apps, and the cloud have boosted productivity and profits. Yettaxes, regulation and spending all increased markedly in thepast decade, raising the burden of government and draggingdown the real GDP growth rate to a modest 2.2% from mid2009to early 2017.

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