On balance, in fact, the steps being taken to pull the economy back from the precipice may delay the arrival of one able to stand on its own. “What we’re doing now is trying to create a cyclical pop with a massive policy response,” said James W. Paulsen, one of the few forecasters to predict the 2001 downturn and the chief investment strategist at Wells Capital Management in Minneapolis. “That may well succeed — I think it will. But very little of it will solve the problems that got us into this situation.” David Leonhardt, New York Times.
