“Zero Job Growth Latest Bleak Sign For U.S. Economy” (TIMES, 9/3/11)


     In order to have a “double-dip recession,” isn’t it necessary to experience a recovery between the first downturn and the second?

     As reported in the TIMES, the economy started to slip in the fall of 2007.  There was some talk of improvement by the spring of 2009 but the “recovery” was quickly identified as “jobless” or, more frequently, “anemic.”

     An anemic recovery is doubletalk.  Can the editors of the TIMES imagine a physician telling patients: “Not to worry; it’s an anemic recovery”?

     When an economic downturn lasts as long as this one has, with no expectation of change, aren’t we in a depression?  Minimizing the seriousness of the sickness will delay the finding of a remedy.

     The President has to acknowledge that we are in a depression and only a massive federal jobs program can lead us out of it.

     When an economic downturn lasts as long as this one has, with no expectation of change, aren’t we in a depression?  Minimizing the seriousness of the sickness will delay the finding of a remedy.

     The President has to acknowledge that we are in a depression and only a massive federal jobs program can lead us out of it.

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