Jobless and Staying That Way
Nelson Schwartz, New York Times
Americans have almost always taken growth for granted. Recessions kick in, financial crises erupt, yet these events have generally been thought of as the exception, a temporary departure from an otherwise steady upward progression.But as expectations for the recovery diminish daily and joblessness shows no sign of easing — as the jobs report on Friday showed — a different view is taking hold. And with it, comes implications for policymaking.
http://www.realclearpolitics.com/2010/08/08/jobless_and_staying_that_way_239254.html
