All Commentary
Thursday, June 16, 2011

CBO Sees More Pain Ahead


“Congress’ official scorekeeper said Tuesday that the United States will continue to see slow economic growth for the next several years as job openings and a lack of demand for goods and services continue to block a speedier rebound. ‘A great deal of the pain of this downturn lies in front of us still,’ Douglas W. Elmendorf, director of the Congressional Budget Office, told reporters as he laid out a daunting list of challenges on both the budget and the economy.” (Washington Post)

Mr. Obama wants the credit.

FEE Timely Classic
“How Inflation Breeds Recession” by Henry Hazlitt