Shocking the economy

posted by
June 8, 2011
Boston Globe
by Jeff Jacoby  
Posted in Commentary

"For three years, under presidents of both parties, the federal government has pumped trillions of borrowed dollars into stimulus, bailout, and recovery spending. The results have been woeful: Two years after the recession formally ended, the country is mired in a bleak economic lassitude from which it seems unable to rouse itself. Now the wretched news of recent weeks -- feeble GDP growth, painful foreclosure rates, slipping car sales, a drop in factory orders, ever more Americans on food stamps -- has grown even worse." (06/08/11)  

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