Thursday, July 21, 2011

Welcome to the Recovery

This from Dr. Paul Krugman - follow link to original.

By the way we REALLY NEED a temporary stimulus - like let's build roads, and rail lines, sewers and water supply systems. You know, try to COMPETE with China and the ADVANCED countries.
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Welcome to the Recovery

Companies step up layoffs.

In Washington-speak, coming from both the White House and the Fed, we’re always on the road to recovery, with a few setbacks on the way. But the reality is that we’ve been basically flat on the employment front since late 2009, with nothing suggesting a sustained break back toward better performance:


Maybe someone should talk about doing something? Nah.

Oh, by the way, why are companies stepping up layoffs? It’s because of fear of the, Islamic socialist Kenyan president, WEAK DEMAND.

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