Showing posts with label New York Times. Show all posts
Showing posts with label New York Times. Show all posts

27 February 2011

How Much of Our Fiscal Problems Will Be Solved By a Better Economy?

In this article by Simon Johnson, he talks about the real reasons for our current economic state and how we can get out of it.

The truth is:

  • The deficit was not caused primarily by the stimulus, but by significantly decreased tax revenues.
  • The Obama administration is continuing the time honored standard of pandering to the banking industry (and most other industries for that matter).
  • Only bipartisan cooperation and vision can help us get out of this.
Check this article out.

I think you'll find it interesting.

Also, look on the lower right hand corner at the economic indicators. Things are looking up in almost all sectors, except new homes.