America has lost a decade of growth ... according to some

Only one?  America has lost two decades....and that will be seen more clearly maybe a decade from now.   The downhill started with the Bush presidency (one wrong war in Iraq instead of Saudi Arabia, other war with losing strategy of  "showing respect" to the enemy in Afghanistan)  and has continued with Obama.    So ....say 16 years attributed to the mismanagement  from the  last two presidents  plus  give  at least 4 years for things to be pulled back, somewhat,  on  track.  And, what if,  horror of horrors, the delusional voters down south appoint yet another lousy president in 2016?   Yikes !!

So ... IMO, Mathew C.Klein's article below showing that the USA has lost only a decade of growth is inaccurate.  The merry gig being performed by the US stock markets is an illusion and we know what usually happens to those kind of perceptions.

....The U.S. Bureau of Labor Statistics reports that 195,000 jobs were added last month -- significantly better than the consensus forecast of economists (165,000). Another 70,000 jobs were added in March and April thanks to revisions. While the news isn’t bad, we shouldn’t be calling it “good,” either. Some perspective is in order. 
Remember above all else this analysis from the Federal Reserve Bank of Chicago, which looks at the impact of aging and slowing population growth to determine how many jobs are needed to return to full employment. These economists calculate that it would take four more years of job gains at the current pace of 195,000 per month to completely close the gap that began opening at the end of 2007.

In other words, the U.S. is on track for a lost decade under the most optimistic assumptions. It will take even longer to return to full employment if the Chicago Fed’s demographic analysis turns out to be incorrect, or if the present rate of job creation can't be sustained over the next several years.
The composition of jobs being added is also a worry. Of the 195,000 jobs added last month, 112,000 were in the categories of “leisure and hospitality” and “retail.” Those positions usually pay less and have fewer benefits. The number of people working part-time who would rather be working full-time soared in June by 322,000. No wonder average hourly earnings for private-sector workers continue to increase by only about 2 percent annually..........