The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Bad economic policy is cause of slow recovery||Date: 10/15/2012 12:24 PM|
|Author: MadCapitalist||Number: 648920 of 852694|
The Numbers Game with Russ Roberts -- The Economic Recovery (Part 2)
"By historical standards, the current recovery from the recession that began in 2007 has been disappointing. As John Taylor of Stanford University's Hoover Institution and the Department of Economics argues in Part 1 of this discussion on the economy, GDP has not returned to trend, the percent of the population that is working is flat rather than rising, and growth rates are below their usual levels after such a deep slump.
In this episode, Taylor and Number's Game host Russ Roberts discuss possible explanations for the sluggish recovery: the ongoing slump in construction employment, the effect of housing prices on saving and spending decisions by households, and this recovery's having been preceded by a financial crisis. Taylor rejects these arguments, arguing instead that the sluggish recovery can be explained by poor economic policy decisions made by the Bush and the Obama administrations."
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|