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The Cavalry Isn't Coming "Why is this recession different from almost all other recessions?" asked Herbert Barchoff. The economist, a former president of the Council of Economic Advisers, answered his own question: "This is not only the usual cyclical recession, but also a structural recession."

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The Cavalry Isn't Coming

"Why is this recession different from almost all other recessions?" asked Herbert Barchoff. The economist, a former president of the Council of Economic Advisers, answered his own question: "This is not only the usual cyclical recession, but also a structural recession."