Still No Economic Recovery In California — And Oil Prices Threaten A Double Dip

March 9, 2011 06:31

The mythology of an economic recovery in the United States faces no lack of challenge, from the facts. However, that the country’s largest state (and economy) remains in a fiscal emergency, indebted to Washington for billions in unemployment costs, with no jobs growth, should be a cautionary tale to those who insist a national recovery is underway, or is sustainable.

By Gregor MacDonald at

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