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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: Sully- who wrote (4512)8/8/2003 2:45:56 AM
From: LindyBill  Read Replies (1) | Respond to of 793670
 
I read Bob Herbert this morning in the NYT and shook my head. James Toranto agrees with me.

The Great Depression
"America's business productivity soared in the second quarter of 2003 and new claims for unemployment benefits dropped to a six-month low last week, a double dose of good news as the economy tries to get back to full throttle," the Associated Press reports from Washington. Wow, all that good news is enough to make us overlook all those mixed metaphors.

But then we open this morning's New York Times and find Bob Herbert's column, nytimes.com which seems totally out of touch with reality: "The hemorrhaging of jobs in the aftermath of the recent 'mild' recession is like nothing the U.S. has seen in more than half a century. Millions continue to look desperately for work, and millions more have given up in despair."

Sounds like a depression, all right--but of the psychological, not the economic, kind. Doesn't the Times' insurance plan cover Prozac?