Tuesday, September 18, 2012

Oh, to be young and unemployed – USATODAY.com

Oh, to be young and unemployed – USATODAY.com: "There's a single cure for both the squeezed and the stretched: All we need is more economic growth. Get the GDP growing at 4% or more, which has been normal after most previous recessions, and these problems will fade away.

Problem is, the policies of the past several years haven't done anything to move growth in that direction. At dubious best, they have perhaps cushioned the crash, though with the unemployment rate above 8% since February of 2009, it hasn't been much of a cushion. But to see real improvement, we're going to have to do something different over the next four years from what we've done over the past four years. Will we see that kind of change? We'll find out in November."

'via Blog this'

No comments:

Post a Comment