You cannot prove this in real time, but when economists 20 years from now write a book on the recovery, it may well be entitled, 'It could have been much better.'
Sentiment: NEGATIVE
The fact is that the economy is really posed for the kind of recovery that people can see and understand.
But if, if you take a look at what would have happened, I mean, do we need to see soup lines down the street to figure out what would have happened? We avoided - and all economists will tell you that millions of jobs were saved because of the Recovery Act, and we avoided a second Great Depression. That, that is a reality.
The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.
We've seen more reform in the last year than we've seen in decades, and we haven't spent a dime yet. It's staggering how the Recovery Act is driving change.
From the ashes of a financial crash, there is a chance to create a new economic settlement that is more equal, sustainable and democratic.
Well, the economic recovery was successful even though the Democrats opposed the reforms every step of the way. And it is clear the Democrats have no clear plan to strengthen our economy, as Republicans do.
The economy is showing encouraging signs of recovery.
There must be a major economic recovery package which puts Americans to work at decent wages.
But economic recovery must be earned. And it will be earned by entrepreneurs and it will be earned by small businesses.
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