OUR TIME DAILY TRANSLATION
We've heard you say it many times: "Politics is like a foreign language." Well, we agree.
Each week, we summarize, simplify, and interpret different major news stories and how they affect our generation. We'll give you our take, and you can decide for yourself.
Recent reports show that the U.S. economy only grew 1.5% annual rate during the second quarter of 2012. According to economists, a “healthy” economic growth rate is around 3%–a 1.5% rate suggests we have a long way to go before economic recovery.
This is a decrease from previous 2012 growth rates.
The report indicates that individuals, state and local governments, and businesses have cut spending and decided to save money instead, a sign that people feel uncertain about the direction of the economy.
WHY WE SHOULD CARE
Slow economic growth makes the United States more vulnerable to the economic hardship in Europe.
The economy will be an important issue in the upcoming election.
OUR TIME OPINION
Slow economic recovery means fewer job opportunities for young Americans and slows our economic growth even more. We need to invest in our generation — sign our petition to create one million new jobs so young Americans can help our economy grow.