美国2011总统经济报告.docVIP

美国2011总统经济报告 To the Congress of the United States: ? Chapter1; From crisis to recovery and growthIt was a breathtaking moment of free fall in the private sector. Capital markets collapsed. Credit to businesses froze. Banks failed. Foreclosures soared. National output fell at rates not seen in decades. And millions of people lost their jobs.Policymakers in the Administration, Congress, and the Federal Reserve responded with aggressive, concerted actions to stop the crisis.Although there will likely be debates over the impact of each of those responses for decades to come, few can dispute that the economic climate has improved substantially from the darkest days at the end of 2008 and the beginning of 2009 in large part because of these actions. And the Nation抯 economy did not fall into depression.As gross domestic product (GDP) has been recovering, and as the private sector has added more than 1.1 million jobs since the beginning of 2010, economic policy has shifted from crisis to recovery and fostering growth.This year, the Economic Report of the President puts its primary focus on the particular moment in which the Nation now finds itself梐 moment when the most important priority is reestablishing the primacy of broad-based growth to ensure the well-being of the American people and to keep America the premier economy on Earth. The past year has seen crucial improvement in the American economy.Although the recession generated devastating job losses and an output decline of historic proportions, the economy is no longer on the brink of a depression. Growth has resumed, jobs are returning, and unemployment is falling. Now is the time to chart the course for an economy that will provide jobs, new and revitalized industries, and rising living standards for Americans. This Report lays out the central elements of the path forward. Chapter2 The year review and the years aheadFollowing the deepest recession since the Great Depression, the U.S. economy completed i