New Reality is Leaving Growth in the Mire, by Louis Uchitelle (NYT): “For nearly 29 months, the nation has struggled through a recession and a weak recovery. That is a long struggle, a new form of hardship for many Americans, who are tantalized with incessant forecasts that a decisive upturn is about to happen. But as the months wear on, the dogged optimism detaches from reality.”
But then comes a very bad idea: “We could also force American companies, through regulations, to stay out of countries that fail to observe minimal labor and environmental standards. Regulation is not popular in America. But it could regain its popularity, if the alternative is a continual loss of jobs in every state.”
