And here’s the good news: The forces that have been holding the economy back seem likely to fade away in the years ahead. Housing starts have been at extremely low levels for years, so the overhang of excess construction from the bubble years is long past — and it looks as if a housing recovery has already begun. Household debt is still high by historical standards, but the ratio of debt to G.D.P. is way down from its peak, setting the stage for stronger consumer demand looking forward.Now, for a humor break, here's our favorite sitdown stand-up, David Brooks, on why the Dems are pathetic but still might tops the GOPers because the Obamas and Clinton at least can rock da house.
Thursday, September 6, 2012
Tomorrow's 'NYT' Columns Tonight
We've got Krugman on Clinton's speech and why the next four years are likely to be better than the past four.