In May 2012 Newsweek, Daniel Gross writes “Listen, the U.S.is better, stronger and faster than anywhere else in the world”. With the economic humiliations our country has endured over recent years and the magnitude of the economic fall there was very slim hope of recovering from our self inflicted wounds. Contrary to the declinists’ view global growth has not been a zero-sum game for America’s economy….

• 104% increase in the S&P since March 2009
• 62 million foreign tourists visiting the US in 2011, a record
• 4.05 million jobs created by U.S. private sector since February 2010
• $2.1 trillion in U.S. exports in 2011, up 34% from 2009

When the definitive history of this period is written, it is likely that this post-bust era will go down not as a time of economic decline, but as one of regeneration.