Obama's Recovery Summer Goes Bust
Jim Pethokoukis, Weekly Standard
Declaring a "Recovery Summer" victory tour at the start of June must have looked like a pretty safe wager for the Obama administration. The economy seemed to have shifted firmly into gear during the spring. Lawrence Summers, director of the National Economic Council, told the Financial Times in early April that the economy was "moving toward escape velocity. You hear a lot less talk of "�W'-shaped recoveries and double-dips than you did six months ago."�A big reason for White House optimism was a stronger job market. The economy added an average of 320,000...
http://www.realclearpolitics.com/2010/08/16/obama039s_recovery_summer_goes_bust_239757.html
