David Leonhardt, NYT
The final major economic turning point of President Obama’s first term seems to have arrived. The question is which way the economy will turn. Job growth has picked up nicely in the last few months, raising the prospect that the American economy is finally in the early stages of a recovery that will gather strength over time.But with gas prices rising, the government cutting workers and consumers still deep in debt, some forecasters predict that economic growth — and with it, job growth — will slow in coming months.
The final major economic turning point of President Obama’s first term seems to have arrived. The question is which way the economy will turn. Job growth has picked up nicely in the last few months, raising the prospect that the American economy is finally in the early stages of a recovery that will gather strength over time.But with gas prices rising, the government cutting workers and consumers still deep in debt, some forecasters predict that economic growth — and with it, job growth — will slow in coming months.
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