Hope for the disillusioned US heartland By Matthew Slaughter

Matthew Slaughter on the US economy, October 4http://www.ft.com/intl/cms/s/0/8cdbe436-0c9b-11e2-a776-00144feabdc0.html#axzz28G6YFDyU?ftcamp=traffic/email/content/newsmine//memmkt

"The US’s median household income in 2011 of $50,054 was $570 less than its median household income in 1989. Its 111.4m private sector jobs today are about as many as there were 12 years ago."
"From 1991 to 2011, annual growth in US gross domestic product averaged about 2.4 per cent – in stark contrast to 5 per cent for developing countries, 6.6 per cent in India and a remarkable 10.4 per cent in China."