Not think...:
Do not tell U.S. what is true...
only what we want to think is true...
even if that is not even close to reality.
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To adopt the president's favorite metaphor of the ditch and the driver:
The ditch was a 33% deeper than we thought.
And we're driving 33% slower than we hoped.
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And, then...
Take a look at these graphs, via Economist, to soak it in:
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GDP Report Shatters Illusion of Jobless, Productivity-Packed Recovery
http://www.theatlantic.com/business/archive/2011/07/gdp-report-shatters-illusion-of-jobless-productivity-packed-recovery/242761/
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Recession: $131 billion worse than we thought
http://money.cnn.com/2011/07/
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