We need a real recovery. That’s what Mitt Romney said during the campaign, and he was right. Five years since the start of the Great Recession, unemployment is still far too high. It’s not for a lack of optimism among policymakers. As Evan Soltas pointed out, the Federal Reserve keeps predicting that prosperity is just around the corner, only to find it’s not. Catchup growth is the new Godot.
*Compared to almost every other rich country and almost every other financial crisis.
By Fareed Zakaria
Every year at Davos, people like me try to get a sense of the mood of the place, take the temperature of people in this frosty mountain resort.
Obviously, I will give you a highly impressionistic and personal picture, but it’s one I find useful since Davos does bring together leaders in government, business, media – even the NGO community – from all corners of the world. It is genuinely global in a way that few conferences are…
Only 15 states have told the federal government they plan to operate health insurance exchanges under President Barack Obama’s reform law, leaving Washington with the daunting task of creating online marketplaces for two-thirds of the country.
House Speaker John Boehner says he was “flabbergasted” when Treasury Secretary Tim Geithner pitched the White House plan to save the nation from the “fiscal cliff.”