The best that I can estimate by the chart, our economy at the end of 2012 will be 1.2 trillion lower than what the 2007 projected line would imply, and the rate of growth is still slower than before 2007. With job growth not even equaling the population growth of workers, it is amazing to me that we are doing as well as we are.
I will be watching the pipelines of durable goods come September. If business thinks we are in for a change in government come January, they will start filling the pipelines of manufacturing. Durable goods has the longest pipeline, and it should start showing something noticeable by September for products to be delivered in January.