“The Economy in 2011” (TIMES, 1/2/11)


          “The economy is growing, but for many Americans life is not getting better” is painfully typical of recent reporting.  What does it mean?

          If life is not impriving, how can we be sure the economy “is growing”? The more ink is expended to explain the current economic situation, the more garbled is the message.

          If two million homes “will probably be lost in 2011, on top of 6.8 million homes lost in the bust so far,” how can we speak of a “recovery”?

          Stop the doubletalk! Give it to us straight: if massive job creation is not implemented soon, the economy is apt to get worse, not better.

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