Is the United States in Long-Term Economic Decline?

No sooner had President Obama shocked the political world with a gloomy economic forecast â?? projecting 9.1 percent unemployment for this year and a reelection-killing 9 percent for 2012 â?? than the dismal August jobs report arrived showing no gain in nonfarm payrolls. Thatâ??s right, no gain at all. Private jobs increased a scant 17,000, while hours worked and wages actually declined. Obamaâ??s economic policies have failed.