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Mar9-12, 02:33 PM
I don't see why not. In the Reagan years, '82-'89, 20 million US jobs were created, with a much smaller economy ($3T to $5.7T) than the US has now ($15T).
Recovery from a run-of-the-mill recession tends to be historically much faster than recoveries from financial crises. Don't have the time to cite sources now, but if that statement doesn't sound reasonable to you, I can look for references later.