We Need a Recovery to Recover From the Recovery

Four years into the "recovery" it is unacceptable that the levels of industrial output, employment and real incomes remain below prerecession peaks.

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Four years into the "recovery" it is unacceptable that the level of industrial output, employment and real incomes remains below prerecession peaks. We cannot be confused by the fact that we are in the midst of some kind of bull market in stocks, for that is mostly an expression of our ability to keep the U.S. Mint's printing presses humming to expand the money supply and keep interest rates dramatically – and unsustainably – low. The financial markets create the illusion of progress and a false hope. Hope is a good breakfast, but a poor supper.

  • Read the U.S. News Debate: Has President Obama Given Away Too Much In His Budget?
  • Read Jim Lardner: Republicans Should Reconsider Mindless Consumer Bureau Obstruction
  • Read Eileen Appelbaum: Apple CEO Tim Cook's Corporate Tax Idea Would Increase Offshoring of Jobs