Entries Tagged as 'Weak Recovery'

Being Poor Again

October 25th, 2011 at 12:00 am 57 Comments

I should have sold my eggs, recipe I thought as I drunkenly biked home after I was fired.

In an act of kindness, pills my stunned coworkers bought me dinner and drinks at the bar nearby. I nearly broke down at the table over tacos, prostate but one of my coworkers fiercely shook my shoulders. “No. No. You are not going to cry about it. Keep yourself together.”

I said goodnight to them after a few hours, promised to say a proper goodbye when I packed up my things the next day, hopped on my bike, and tried to find my way home.

Click here to read more

Why Companies Won’t Hire

David Frum August 8th, 2011 at 11:48 am 96 Comments

In my column for CNN, I discuss some of the reasons why very few companies are currently hiring:

Even if we avoid a second recessionary dip, we’re stuck on a very, very disappointing path. Call it the 1936 parallel.

From 1933 to 1936, the U.S. economy grew strongly, almost 10% a year. When supporters of President Franklin D. Roosevelt sang “Happy days are here again,” they had reason to celebrate. By the end of 1936, U.S. output of goods and services had returned to 1929 levels. Corporate profits were surging. $100 invested in the stock market at the end of January 1933 would have multiplied to almost $350 in January 1937.

Click here to read more

Dysfunctional Politics Have a Price

August 5th, 2011 at 10:26 pm 120 Comments

S&P has now downgraded the US government from AAA to AA+, a historic downgrade. The effects of this downgrade will no doubt echo throughout the US and global economy.

Click here to read more

Signs of Progress

David Frum August 5th, 2011 at 10:53 am 42 Comments

Charles Krauthammer endorses abolishing both the healthcare exclusion and mortgage interest deductibility. Add a carbon tax or VAT and you’ve got a Republican offer enticing enough to gain meaningful Democratic concessions on entitlement spending – while still meeting Republican goals of holding down tax rates on work, saving and investment.

Debt reduction is not an answer to the current global economic crisis, but debt reduction remains necessary to enhancing the long-term growth potential of the US economy post-crisis.