The myth of 'Never let a crisis go to waste'

The Myth of Secular Stagnation By Stiglitz

The Obama administration made a crucial mistake in 2009 in not pursuing a larger, longer, better-structured, and more flexible fiscal stimulus. Had it done so, the economy’s rebound would have been stronger, and there would have been no talk of secular stagnation. As it was, only those in the top 1% saw their incomes grow during the first three years of the so-called recovery.

Stiglitz making the unsubstantiated claim that the economy could have done better than the second longest post ware expansion.  The first longest was Clinton, both regimes characterized by sequester and high taxes.  Both sides engaging in the fastest deficit reduction in  history.

So Stiglitz has no credible data series of the US economy that says otherwise.  The 2.2% average growth rate since 2008 is in long with a long term decline in real growth.  Stiglitz and his ilk suffer the 'Never let a crisis go to waste' myth.