Oh. My. Gosh. Wow, how did this happen? Isn't this the work of the Smartest Man in the Room?
Wednesday, July 6, 2011
James Pethokoukis | Analysis & Opinion | Reuters.com: "Indeed, the results are horrifying. The two-year-old recovery’s terrible tale of the tape: A 9.1 percent unemployment rate that’s probably closer to 16 percent counting the discouraged and underemployed, the worst income growth and weakest GDP growth of any upturn since World War II, a still-weakening housing market. Oh, and a trillion bucks down the tube. Oh, and two-and-a-half years … and counting … wasted during which time the skills of unemployed workers continue to erode and the careers of younger Americans suffer long-term income damage. Losing the future."