Is this an Onion Atricle? A spoof written by a comedian? No…I have no clue where they ‘dug’ this ‘economist’ up or why…but read why the Times is no longer relevent.
H/T Holger
http://www.time.com/time/nation/article/0,8599,2076568,00.html#ixzz1P6EqiAEo
What U.S. Economic Recovery? Five Destructive Myths
Myth No. 1: This is a temporary blip, and then it’s full steam ahead
True, only 12.2% of economists surveyed in the past few days by the Philadelphia Fed believe that the current backsliding will develop into a double-dip recession (though that percentage is up significantly from the start of the year).
Myth No. 2: We can buy our way out of all this
While a third round of stimulus shouldn’t be off the table in an emergency (Obama has already indicated it’s a possibility if things get much worse), the risk-reward ratio isn’t good.
Myth No. 3: The private sector will make it all better
There is a fundamental disconnect between the fortunes of American companies, which are doing quite well, and American workers, most of whom are earning a lower hourly wage now than they did during the recession.
Myth No. 4: We’ll pack up and move for new jobs
The myth of mobility — that if you build jobs, people will come — is no longer the case. In
Myth No. 5: Entrepreneurs are the foundation of the economy
Entrepreneurship is still one of America’s great strengths, right? Wrong.
a12iggymom's Blog 