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'The Five Myths About the U.S. Economy'

Five Myths Of Us Economy

First Posted: 06/10/11 10:57 AM ET Updated: 08/10/11 06:12 AM ET

TIME:

Double dip is not a term that a government keen to extricate itself from the economic-crisis-management business likes to hear. A couple of weeks ago, the Obama Administration was poised to switch to growth mode. Then the ugly data started pouring in like the overflowing Mississippi. First-quarter GDP numbers showed a measly 1.8% increase, well short of the expectations of above 3%, and second-quarter estimates are not much better.


Read the whole story: TIME

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Filed by James Sunshine  |