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Going Nowhere Fast

The economic numbers are almost beside the point aren’t they? If we are not technically back in recession, realistically we are. And we really haven’t been out of recession since the crash.

By Jonathan D. Miller | Updated on September 22, 2011

The economic numbers are almost beside the point aren’t they? If we are not technically back in recession, realistically we are. And we really haven’t been out of recession since the crash.

What growth the U.S. economy mustered, coming out of 2010 into 2011 was stimulus related, and since stimulus has dropped off, we’re back in the dumps. All the public sector budget slashing will continue to make things worse—yes government bleeds with inefficiencies that need to be corrected, but keep in mind when we cut government budgets, we reduce jobs—not only government jobs, but private sector jobs funded by government contracts in construction, defense, not-for-profits, and many other businesses which employ a lot people.

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