Is the Economy Really Turning the Corner?

News and Opinion for Democrats Against Bush -- Part II

Is the Economy Really Turning the Corner?

"To put it more bluntly: it would be quite a trick to run the biggest budget deficit in the history of the planet, and still end a presidential term with fewer jobs than when you started. And despite yesterday's good news, that's a trick President Bush still seems likely to pull off."

--Paul Krugman, New York Times

Click here for information on how severe the job slump really is.

The New York Times

October 31, 2003

A Big Quarter

By PAUL KRUGMAN OP-ED COLUMNIST

The complete article may be purchased online from the New York Times archives at-- http://query.nytimes.com/gst/abstract.html?res=F50B17F83E540C728FDDA90994DB404482

Abstract provided by the New York Times--

ABSTRACT - Paul Krugman Op-Ed column on reasons to wonder whether promising third-quarter figures means economy has really turned corner; notes bulk of growth in quarter came from huge surge in consumer spending; says consumer spending cannot outpace growth in consumer income, and, despite all that growth in quarter, number of jobs actually fell; says unless there is serious job growth, consumer spending will eventually slide, and bring growth down with it (M)

To read Paul Krugman's current editorials in the New York Times, click on the following link-- http://nytimes.com/top/opinion/editorialsandoped/oped/columnists/paulkrugman/index.html http://nytimes.com/pages/opinion/index.html

His latest two articles are available printed in full, free of charge. Older articles, like the one above, may be purchased online.

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FAIR USE NOTICE

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.