Thursday, May 19, 2011

It's a long g****m tunnel

- by New Deal democrat

I realize I'm supposed to be a happy-talking, recovery-cheerleading, corporate shill, but I see no reason whatsoever to disagree with Atrios, this morning:
There are so many economic data releases, and they're all a bit noisy, so you can see good or bad news if you want. Still I think a reasonable distillation of it all is that even if the light at the end of the tunnel is just around the corner - though it may not be - it's a long goddamn tunnel. The unemployment rate is too damn high.
My biggest concern is that jobs and real household income will not even make it back to their pre-great-recession levels before the next one hits.

P.S.: Of course, Bonddad let the cat out of the bag this morning. We're really just econo-dorks.