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The Pace of an Economic Recovery

More “good” news about the economy. The so-called Misery Index is the worst it’s been in 28 years. And the International Monetary Fund (IMF) cut its forecast for U.S. economic growth on Friday (from a previous prediction of 2.8 percent this year to a revised, and tepid, 2.5 percent) and warned Washington and debt-ridden European countries they are “playing with fire” unless they take immediate steps to reduce their budget deficits.

Earlier this week, the chair of the Democratic National Committee, Debbie Wasserman Schulz, said, “We have to continue the pace of recovery.”

This is the pace of recovery we need to continue?



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