Deepening Divides in the U.S. Economy, 2004: Jobless Recovery and the Return of Fiscal Deficits

Authors

Robert Pollin, University of Massachusetts Amherst

Working Paper Number

82

Publication Date

2004

Comments

Working Paper 82

Abstract

Writing in March 2004, two manifestations of the current conditions have become most prominent, having become, in fact, major news stories on an almost daily basis as we move deeply into the Presidential election season. The first is the so called “jobless recovery” from the 2001 recession, and the second is the return to large fiscal deficits by the federal government. In what follows, I wish to consider both of these developments, showing how they both reflect and reinforce the economy’s negative trajectory, though not primarily for the reasons that have been most prominently cited in mainstream discussions of these topics.

DOI

https://doi.org/10.7275/1281152