August 8, 2010

LATEST ECONOMIC SPIN: Malaise is the “new normal.” You could make this go away tomorrow with a guarantee of no tax increases and a moratorium on new regulations. This will not be tried, unless politicians get really desperate.

Related: Fed set to downgrade outlook for US. “The Federal Reserve is set to downgrade its assessment of US economic prospects when it meets on Tuesday to discuss ways to reboot the flagging recovery.” Think they’ll discuss the proposal above?

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