What economic recovery?

…why is the current recovery so weak? It is not because of the aftermath of the 2007-08 financial crisis. U.S. Financial markets began to recover in late 2008, more than four and a half years ago. Moreover, research by Michael Bordo of Rutgers University and Joseph Haubrich of the Federal Reserve Bank of Cleveland show that US recoveries following financial crises are typically faster, not slower, than average.

Recent research by us and other scholars analyzes the chronically slow economic recovery from a very different perspective. Specifically, our view is that poorly designed and implemented government policies have impeded capital and technological investments and hiring, and that bad government policies – not underlying problems with the U.S. market economy – are the primary reason why the economy has not recovered.

And the low-info voters voted for four more years of it last fall.

…is worse than we thought.

I think that most of the nation’s fiscal problems are. Something that can’t go on, won’t.