February 13, 2007

The statements in the press and the actual economic performance lead us to ask a simple question: how come the economy and the policy mix adopted by this administration gets no respect? Why do the critics believe that a recession is around the corner? Before we answer that question, we must say that we agree with the critics that the biggest threat to the recovery is a policy mistake. Where we part company with them is why they think that the current policy mix is a big threat to the current expansion and future well being of the U.S.

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