The Long Depression isn't hitting us all at once. It's taking pieces out of us over the course of years. That's allowed people to define previously unacceptable economic conditions as "The New Normal."
Two and a half years ago I would have given long odds that Ron Suskind's book would provide me with a lot of the answers to the questions I had about why the Obama economic team chose the policies it did. Unfortunately, it does not.
Our politicians can't grasp structural issues -- they are always hoping for a fast cyclical fix before the next election. Let's acknowledge the real cause of high unemployment and get to work addressing it.