
Sure, people are working, but is growth halting?
Are Americans better off now than they were four years ago? How about 30?
If history is a reliable guide, the recession of 2008 is now unavoidable. Or is it? Trouble is, history is often not the most reliable of guides. At least, not lately.
Yet the dismal jobs report released last week showed overall employment to be lower than it was three months ago. Every time such a slump has occurred since the early 1970s, a recession has followed -- or already been under way.
So, the question is, is the U.S. economy tanking? Has it been tanking all along? Have the economic successes of previous years been illusory? Are Americans really better off than they were four years ago? Or is the economic picture worse than we think?




