The Congressional Budget Office’s semi-annual update on the budget and economic outlook, out on Wednesday, offers sobering news about the next few years. The report’s economic analysis begins by observing that “[t]he slow pace of the current recovery is broadly consistent with international experience of recoveries following financial crises.” The authors cite key impediments to renewed growth—the burden of household debt, the need for financial institutions to restore their capital bases, lack of business confidence, and the glut of vacant...
Source: http://www.realclearpolitics.com/2011/08/25/what_obama_should_say_about_jobs_262260.html
Karl Rove Rick Santorum Arnold Schwarzenegger Rev. Al Sharpton Than Shwe
No comments:
Post a Comment