Post by AztecWilliam on Aug 15, 2010 21:11:34 GMT -8
I don't necessarily agree with Mort Zuckerman's recipes for helping our economy take off, but the first half of his article is fact based . . . and depressing. The administration is trying to get everyone to believe that we are recovering. Well, this is the weakest recovery on record, I guess.
Not all of the blame can be laid at the feet of the Obama administration, of course, just as not all of the blame for the Great Depression can be laid at the feet of FDR. Both came into office as the American economy was collapsing. Nevertheless, it's clear that The One and his cohorts have no idea what to do. I think the Republicans are a bit closer to figuring out what might work, but right now it's not clear to me that things will get better any time soon no matter what is tried.
Back to Zuckerman's article. Notice what period of time it will take, at current rates of growth (very slow) to get back to the unemployment rate of pre-2008! Very disturbing.
online.wsj.com/article/SB10001424052748703960004575427332237529948.html
AzWm
Not all of the blame can be laid at the feet of the Obama administration, of course, just as not all of the blame for the Great Depression can be laid at the feet of FDR. Both came into office as the American economy was collapsing. Nevertheless, it's clear that The One and his cohorts have no idea what to do. I think the Republicans are a bit closer to figuring out what might work, but right now it's not clear to me that things will get better any time soon no matter what is tried.
Back to Zuckerman's article. Notice what period of time it will take, at current rates of growth (very slow) to get back to the unemployment rate of pre-2008! Very disturbing.
online.wsj.com/article/SB10001424052748703960004575427332237529948.html
AzWm
