Originally Posted by 11Series
I find it funny that you call the early days of the Great Depression, and the late 1980's days of Stagflation "growing economies". By that standard, we were in a "growing economy" last year, before austerity drug us down.
More important than infrastructure, we would have JOBS, pulling us out of our current economic situation. Jobs will turn us around, nothing else.
I was talking about the early/mid '90s (Clinton years) when they raised revenues, not the late '80s. Stagflation years were an absolute nightmare, no doubt about it. And it didn't help that we had an insane Fed chairman (Volker).
P.S. - Stagflation was more of an issue in the late '70s/early '80s. Also, it was largely due to the oil crisis of the '70s, when there was a tremendous supply shock that sent oil prices skyrocketing.