For most Americans paying any attention at all to what’s transpiring around the globe, and especially to what’s happening across the U.S., the news hasn’t been so great lately.   After almost four years of deep recession followed by an anemic  recovery, thing have not gotten a whole lot better.   Unlike past  recessions in America, where bad economic times were rapidly followed by periods of significant growth, the “Recession of 2008” just doesn’t want to go away.   In fact, it is looking increasingly likely that the “Recession of 2008″ may be …

Few people would doubt that Barack Obama was elected the forty-fourth President of  the United States at a perilous time in American history.  In fact, his timing could hardly have been worse.  Financial markets had crumbled, major banks and insurance companies were descending into insolvency, millions of Americans were losing their jobs,  economic recession was spreading across the globe, and the resultant U.S. tax revenues were taking a nosedive.  The President was faced with an immediate need to prop up the financial services industry,  save the auto industry, and bail …

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Alleluia!  It looks like the Federal Reserve policy makers and most  of America’s leading economists are finally coming  to the same conclusion about the future of the U.S. economy.   They aren’t saying that we are headed for a “double-dip” recession, or that somehow the economy will plunge into another “Great Depression”;  and they are not warning us about an impending crash in the stock market, or an end to American life as we know it.  What they are saying is that the U.S. is headed for an extended …