Long Recession | AEIdeas

Friday, May 24, 2013

Reuters

Obama didn’t end the Great Recession that Bush didn’t cause

James Pethokoukis | November 6, 2012, 3:07 pm

If you think George W. Bush’s economic policies caused the Great Recession and Barack Obama’s ended it, then your Election Day decision is likely an easy one. But placing politics aside, I don’t think the economic evidence supports that thesis. … read more >

Pethokoukis

Is this the ‘built to last’ economy Obama promised?

James Pethokoukis | October 26, 2012, 12:29 pm

President Obama, back in 2009: Even as we clear away the wreckage of this recession, I have also said that we cannot go back to an economy that is built on a pile of sand — on inflated home prices … read more >

Pethokoukis

Caterpillar hisses at U.S. economy in 2013

James Pethokoukis | October 22, 2012, 11:15 am

It was a sour New Normal forecast for the U.S. by global manufacturing giant Caterpillar in its earnings report today. A few highlights: – In the United States, the Federal Reserve’s new emphasis on employment, along with signs that banks are … read more >

Pethokoukis

Is this an unusually terrible recovery or isn’t it?

James Pethokoukis | October 16, 2012, 3:59 pm

The economic recovery that began in the summer of 2009 has been marked by slow economic growth and little job creation. But how does it compare to recoveries throughout U.S. economic history? Economists Carmen Reinhart and Kenneth Rogoff say the recovery’s … read more >

Image Credit: Editor B (Flickr) (CC BY 2.0)

Pethokoukis

‘It’s all unraveling’ | Is this the last quarter of the recovery?

James Pethokoukis | September 27, 2012, 1:04 pm

Has the U.S. economy turned a corner? Yes, and then another corner and now it’s going backward. A slew of bad economic data today. A taste of what economists are saying: – It’s all unraveling this morning. OK in the US … read more >

Economics, Pethokoukis

GDP collapse puts U.S. economy into recession red zone

James Pethokoukis | September 27, 2012, 9:08 am

GDP growth for the second quarter was revised down to 1.25%. Here is Reuters: Economic growth was much weaker than previously estimated in the second quarter as a drought cut into inventories, setting the platform for an even more sluggish performance … read more >

Pethokoukis

Is regulation one big reason why the Obama recovery has been so much weaker than the Reagan recovery?

James Pethokoukis | September 24, 2012, 12:48 pm

Why is the recovery so darned weak? I think there are several reasons. But economist John Taylor may have struck on one that you don’t hear much about — regulation I’ve come to the conclusion that the difference between the … read more >

Economics, U.S. Economy

The worst recession since the…

Nick Schulz | September 20, 2012, 11:42 am

That the nation has suffered “the worst recession since the Great Depression” has become a nifty political cliché. read more >

Image Credit: Tim & Selena Middleton (Flickr) (CC BY 2.0)

Economics, U.S. Economy

The health hazards of recessions for older workers

Sita Slavov | September 12, 2012, 4:19 pm

The recent recession and persistently high unemployment will take a deadly toll on older Americans. read more >

Pethokoukis

Falling incomes: The chart that shows it’s not getting better

James Pethokoukis | September 12, 2012, 12:53 pm

From the U.S. Census Bureau: 1. Median household income was $50,054 in 2011, a 1.5 percent decline in real terms from 2010 . This was the second consecutive annual decline in household income. 2. Median family household income declined by … read more >