Is It Really Over? Bill Moyers Speaks with James K. Galbraith

The headlines are trumpeting recovery — some are even proclaiming an end to the recession in the United States (unofficially, that is). The US economy grew in the third quarter for the first time in a year. But there are some caveats — although jobless claims dipped slightly, many analysts still warn of a "jobless recovery." for a number of years to come.

And then there's the small print — will this recovery be permanent or is it a function of the stimulus masking bigger problems? THE WALL STREET JOURNAL warned: "The recovery thus far has been heavily supported by federal money, casting a question mark over the economy's underlying strength as government support dwindles." That unease is echoed by JOURNAL guest James K. Galbraith:


 

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