Summary
An unlikely, man-bites-dog story recently appeared on Page One of one of our nation's most liberal newspapers that said the U.S. economy is not as bad as people think.
The Washington Post, a left-leaning newspaper that persistently paints a gloomy picture of the country's economy, even before its descent into the subprime debacle, underwent a conversion of sorts last week. It decided to take a fresh look at the fundamentals of our economy and concluded that comparisons to past recessions and depressions were exaggerated, if not downright silly.See the full content of this document
Extract
Letting in Some Light
Readers of this column know that I have long railed against the gloom-and-doomers, while championing our economy's inexhaustible resilience, self-confidence and competitive spirit and its ability to recover against any and al...
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