Our Fragile Economy Still Needs Time to Gather Its Strength

… One of my favorite lines about politics is from Yale political scientist and statistician Edward Tufte in his book Political Control of the Economy: “When you think economics, think elections; when you think elections, think economics.”

Americans remain pretty pessimistic about the economy. The National Bureau of Economic Research calculates that the most recent recession began in December 2007 and ended in June 2009. But that is certainly news to most Americans. In a March NBC News/Wall Street Journal poll, 57 percent of respondents said they believe we are still in a recession, while 41 percent said we are not. CONT.

Charlie Cook

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