Same idea, different results

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First, the facts. Here’s a chart showing the employment picture since the start of the recession for the last 4 recessions. Here’s Mitt Romney: "It’s been a failure in the last several years to get America back on track again. It’s taken longer to get Americans back to work than it took during the Great […]

We are doomed

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Former Bush 43 economic policy adviser Lawrence Lindsey points out in today’s Wall Street Journal that our economic situation is actually worse than it’s made out to be. First, a normalization of interest rates would upend any budgetary deal if and when one should occur. At present, the average cost of Treasury borrowing is 2.5%. […]