Regular CONTENTIONS contributor, Eric Trager has a piece in today’s Daily News about Caroline Kennedy’s bid for the Senate. Eric writes of Kennedy’s recent attempt to outline her positions,
[T]he vacuous declaration of principles only adds to mounting questions regarding Kennedy’s depth. In this vein, Kennedy’s statements on Israel suggest that she’s either unaware or glibly sidestepping the tension between supporting a unified Jerusalem and a two-state solution. Meanwhile, her statement on NAFTA suggests that the only thing that she has read on the subject is President-elect Barack Obama’s sound bites.
Read it all.
Actually it was 6.2% according to the WSJ.
Don’t know where you’re getting the 70s reference.
GDP fell 6.4 percent in the 1st quarter of 1982. Yes, that recession was bad, but IIRC the earth didn’t end.
BTW, you should point out that all these numbers are annualized.
That having been said, I don’t think PBO will find many places to hide. It’s going to take a number of quarters to work through the banking crisis.