Listening to Bloomberg this afternoon, an economist was speaking about his outlook on the economic recovery. His verdict?
We're in trouble.
Our national deficit has increased 25% in the last 9 months and yet our economic recovery has not outpaced that of nations who elected to go forward with a much smaller stimulus package (i.e. Germany).
This housing mess is a LONG way from over as well. Very few of the mortages that need to be modified have seen any type of real aid.
