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NYT: 'No More Disputing' Economic Recovery Has Slowed Down, Jobs Outlook 'Discouraging'


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Washington Examiner:

NYT: ‘No more disputing’ economic recovery has slowed down, jobs outlook ‘discouraging’
By: MARK HEMINGWAY
Commentary Staff Writer
07/30/10 5:25 PM EDT

With the dismal GDP figures that came in today, The New York Times isn’t mincing words. The outlook for jobs and economic growth is bleak:

There is no more disputing it: the economic recovery in the United States has indeed slowed.

The nation’s economy has been growing for a year, with few new jobs to show for it. Now, with growth at an annual rate of 2.4 percent in the second quarter and federal stimulus measures fading, the jobs outlook appears even more discouraging.

“Given how weak the labor market is, how long we’ve been without real growth, the rest of this year is probably still going to feel like a recession,” said Prajakta Bhide, a research analyst for the United States economy at Roubini Global Economics. “It’s still positive growth — rather than contraction — but it’s going to be very, very protracted.”

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The new isn't surprising-that the NYT is reporting it is!
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pollyannaish

The new isn't surprising-that the NYT is reporting it is!

 

You know what's scary? If the NYT is reporting bad news when the government is Democrat controlled...it means we probably should double or triple the negative assessments. :o

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The new isn't surprising-that the NYT is reporting it is!

You know what's scary? If the NYT is reporting bad news when the government is Democrat controlled...it means we probably should double or triple the negative assessments. :o

Either that or they are just trying to get rid of the bad news now, so that with any little bump toward the mid-terms, they can give a glowing report on how things have improved (since THEY reported last time.)

 

Personally, WE are AFRAID for our future. :blink:

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