Academic

JOHN MERLINE: Just How Lousy Is The Economic Recovery? ?Indeed, when you compare the current recov?

By Glenn Reynolds

JOHN MERLINE: Just How Lousy Is The Economic Recovery? “Indeed, when you compare the current recovery to the recoveries from the two previous worst post-Depression recessions — the one in 1974-75 and the one in 1981-82 — the picture is decidedly bleak. . . . The evidence from past recoveries shows that things could be — and arguably should be — much better than they are now. Which strongly suggests that, however bad the recession was, something the federal government is doing today is putting a drag on the normal recovery trajectory. Only by admitting there’s a problem will we ever have a chance of getting the current recovery back on track.” If you make it harder to create jobs, fewer jobs will be created.

Related: More than half of the new jobs created in the past 12 months were in Texas. “What does Austin know that Washington doesn?t? At its simplest: Don?t overtax and -spend, keep regulations to a minimum, avoid letting unions and trial lawyers run riot, and display an enormous neon sign saying, ‘Open for Business.’ . . . At bottom, the struggle between national Republicans and Democrats is over whether the country will adopt a version of the Texas model, or of the Michigan, New York, or California model.”

Full post as published by Instapundit.com on October 18, 2010 (boomark / email).