There’s not much to cheer in our scrappy election campaign. We hear that more than 4.4 million private sector jobs have been added in 28 straight months of job growth, and that the president is taking “aggressive steps to put Americans back to work.” The happy talk invites a slogan from the 1984 election: “Where’s the beef?”
The assessment that the U.S. economy is “stuck in the mud,” just given to lawmakers by Federal Reserve Chairman Ben Bernanke, underscores yet again that there has been no recovery since the theoretical ending of the recession in June 2009. For the 80 percent of Americans who were born after World War II, this is their Depression.
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