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Double-Dips are Good for Ice Cream Cones, not Economic Recoveries

July 12, 2010

Check out this great post by blogger Hale “Bonddad” Stewart on the economic recovery. Stewart gives us good graphical evidence that a sustained economic recovery is in place. The problem is that many American are not yet benefiting from this recovery. Most of the gains have come from productivity increases that have not led to new hiring. The big question, then – given the structural economic changes that have accompanied the Great Recession – whether they ever will benefit. If not, expect a winter of discontent for the Democratic Party.


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