It really does not get anymore clear cut than this. New York Times Oct 29, 1992 http://www.nytimes.com/1992/10/29/opinion/gross-national-letdown.html President Bush smiled when he learned this week that economic growth during the third quarter reached a surprising 2.7 percent, almost twice the previous rate. But his smile shouldnât be broad. The new figure almost certainly exaggerates the health of the economy, which continues to creep along at a painfully slow pace. Even the 2.7 figure is half the normal rate of recovery and not enough to bring down unemployment. New York Times Oct 27, 2012 http://www.nytimes.com/2012/10/27/opinion/slow-but-steady-economic-growth.html The slow pace of the nationâs economic recovery has picked up a bit lately. In the third quarter, the economy grew at an annual rate of 2 percent, beating expectations and the dismal 1.3 percent growth in the second quarter. Over the past year, the growth rate has been 2.3 percent. At that pace, thereâs enough momentum to keep unemployment, currently 7.8 percent, from getting much worse.