All Commentary
Thursday, May 12, 2011

Recovery Will Take a While, Obama Says

“President Obama says ‘we’re in a better place than we were when I first came into office,’ but the economic recovery is uneven and ‘people still aren’t feeling it’ because of anxiety over high gas, prices, rising health care costs, and mortgage problems. ‘It’s gonna take us several years for us to get back to where we need to be,’ Obama said during a CBS News town hall taped yesterday and broadcast this morning.” (USA Today)

It didn’t always take so long to recover from a recession.

FEE Timely Classic
“The Depression You’ve Never Heard Of: 1920-1921″ by Robert P. Murphy