Government looks to past, free enterprise to future

[saveliberty]

Michael Barone, Washington Examiner:

 

Politics

Government looks to past, free enterprise to future

By: Michael Barone 06/18/11 8:05 PM

Senior Political Analyst Follow Him @MichaelBarone

 

 

^{Photo by ChinaFotoPress/Getty Images}

^{Former U.S. Treasury Secretary Henry Paulson lectures during the Boao Forum For Asia Annual Conference 2011 at The International Conference Center of the Boao on April 15, 2011 in Boao, China.}

 

Two years ago, in June 2009, the American economy emerged from recession, according to the National Bureau of Economic Research. But as this week's Economist noted, with typical British understatement, "The recovery has been a disappointment."

 

And maybe not a recovery for long. Robert Shiller, the economist who first identified the housing bubble, said last week that we may be headed for recession again. "Whether we call it a double dip or not," he told Reuters, "there is a risk."

 

His Case/Shiller housing price index indicated that home prices in March slumped to levels not seen since March 2003, and Shiller says they may keep falling for 20 years.

 

Read more at the Washington Examiner: http://washingtonexaminer.com/politics/2011/06/government-looks-past-free-enterprise-future#ixzz1PiTmTKAw