Malaise 2.0

Comments

1. An Interested Party says:
   Saturday, July 16, 2011 at 13:04

   Ahhh…a shame that the GOP doesn’t have a Reagan 2.0…

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2. john personna says:
   Sunday, July 17, 2011 at 08:52

   A better explanation: We’re Spent

   But the real culprit — or at least the main one — has been hiding in plain sight. We are living through a tremendous bust. It isn’t simply a housing bust. It’s a fizzling of the great consumer bubble that was decades in the making.

   The auto industry is on pace to sell 28 percent fewer new vehicles this year than it did 10 years ago — and 10 years ago was 2001, when the country was in recession. Sales of ovens and stoves are on pace to be at their lowest level since 1992. Home sales over the past year have fallen back to their lowest point since the crisis began. And big-ticket items are hardly the only problem.

   … but since Obama can be clip-matched to Carter none of that matters …

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