The economy is sliding backward, not moving forward

In recent days there has been much talk of the presidential debates. We are preoccupied with relatively trivial perceptions of who "won" or "lost." There has also been endless discussion of whose policy proposals are better. Rather than entertain these meaningless debates, however, we would do better to look at our track record as a nation in comparison to other nations. I bring this up because in 2008 too many of us were blinded by "American exceptionalism" to realize that the recession that we suffered was global in its reach and not isolated to the U.S.

October 11, 2012